Fees in Uncontested Probate and Estate Administration Cases
For probate and administration of estates, where the deceased was domiciled in England and Wales at the date of death, our fees are charged according to the gross value of the deceased person’s estate. We charge 2.5% of the gross value of the estate, plus VAT, subject to a minimum fee of £2,500 plus VAT. VAT is currently charged at a rate of 20%.
For example, where the gross estate is worth £100,000 our fee will be £2,500 plus VAT of £500. If the gross estate is worth £350,000 our fee will be £8750 plus VAT of £1750.
The work included in the above generally includes:-
(a) contacting all asset and liability holders in order to value the estate - typically this can take two to four months
(b) completing the relevant inheritance tax forms and submitting them to HMRC - typically this can take a further two to four weeks, and HMRC generally process the forms in around 21 days
(c) completing and submitting the grant application - the court usually takes between 4 and 8 weeks to issue the grant
(d) realising the assets of the estate, settling any liabilities, accounting for taxes due, and distributing the estate to beneficiaries - this can take between two and four months, although it may be longer if a sale of property is involved
We usually charge half of our fee when the application for the Grant of Probate or Administration is lodged with the court, and the other half of the fee when our work is completed.
In addition to the above, disbursements (charges we have to pay on your behalf) will arise during the course of the administration. The most common charge is the court fee payable to obtain the Grant of Probate (or Administration). The fee is currently £155.00 plus £1.50 per additional copy of the Grant which is required. If it is necessary to obtain a valuation of property or personal belongings then the fees are likely to be in the region of £350-£1500 plus VAT at 20%. When copies of the Land Registry title of a property are required the fee is £3.00 plus VAT of 60p for a copy of each title.
We do not undertake conveyancing work (such as selling the deceased’s home or other property) or commercial transactions (such as commercial conveyancing or transfers of businesses). Where these types of work arise during the course of the administration of an estate we will obtain the Grant of Probate (or Administration) and deal with all other relevant matters, and we will refer you to a conveyancing solicitor to do the conveyancing work. Their fees will be payable directly by you to those solicitors, usually out of the proceeds of sale.
We do, however, undertake other work related to property – for example, dealing with the Land Registry’s requirements following the death of a joint owner of property, and transferring property to beneficiaries under a will.
If you do not require us to carry out the full administration of the estate, but need help with certain aspects of it, we can discuss this with you and provide you with an individual quote for the cost of the work you would like us to do.