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Price Transparency


Guide to Probate Costs


We are always happy to let you have a “no obligation” quote based on your specific requirements. Please contact us at info@bbelaw.co.uk and we will come back to you. Alternatively, please call us on 01253 362500 to discuss your requirements.

Probate

As we understand that costs can be a concern, we wish to provide a clear breakdown from the outset of the way our gees are charged. Fees are charged based on the time spent on the matter and calculated at the rate of £240.00 per hour plus VAT at 20% (£48) or the fee relevant to the fee earner conducting the matter and as shown in the terms and conditions.

Our staff have extensive expertise in probate and estate administration and are here to provide whatever help you need. The total fee will depend on the circumstances of the case, including how complicated the estate administration work is, the way the estate is to be distributed, the number of beneficiaries, the nature and extent of the assets and liabilities and any IHT implications. By way of indication, the fees for a probate matter, which involves a single UK residence and few bank accounts in the UK, would take between 10 and 15 hours.

This includes:

  • Verifying assets and liabilities and obtaining date of death values
  • Preparing and obtaining a grant of probate
  • Advice on the terms of the will and tax planning options
  • Dealing with the Department for Work & Pensions
  • Dealing with banks and building societies and company registrars for shareholdings
  • Dealing with utility providers
  • Finalising income tax returns
  • Settlement of outstanding bills from the estate
  • Paying legacies
  • Distributing the estate
  • When there is no Will – the rules of intestacy

What are the timescales involved in Probate?

On average, estates that fall within this range are dealt with within 6 and 9 months. Typically, obtaining the grant of probate takes 12 weeks. Collecting assets then follows, which can take between 6 and 8 weeks. Once this has been done, we can distribute the assets, which normally takes 4 weeks.

Our fees are as follows:

Probate:

Application for Grant of RepresentationFee
VATTotal
(no inheritance tax schedules) £700.00£140.00£840.00
Court fee (as at 1.12.18) £155.00
Additional Office Copies of Grant£1.50
£996.50
Application for Grant of RepresentationFee
VATTotal
(inheritance tax schedules required£1000.00£200.00£1200.00
Court fee (as at 1.12.18) £155.00
Additional Office Copies of Grant£ 1.50
£1,356.50

Apply for Grant & Collect and distribute the assets and pay liabilities

Hourly rate of £240.00 plus vat at 20% (£48)

Plus 1% charge against cash element of estate

Plus 0.5% charge against property element of estate

Please note that the following expenses or disbursements are payable separately and in addition to the fees stated above (these figures are estimates only):-

  • Land Registry fee for searches on Office Copy Entries of Title to property – £3.00 per search
  • Bankruptcy Searches – £2.00 per search
  • AML ID check (per person) – £6.00

Please contact us so that we can let you have a no obligation quote based on your circumstances.

Lasting Powers of attorney (LPA)Fee
VATTotal
Single LPA = £375.00 plus VAT£375.00£75.00£450.00
Both LPAs (Financial / Welfare)£650.00£130.00£780.00
Couple making both LPAs (Financial / Welfare)£1,200.00£240.00£1,440.00
Court Fees are £82.00 per document
TrustsFee
VATTotal
Creation of a basic Lifetime Trust Deed£500.00£100.00£600.00
Transfer of Property into Trust additional to Lifetime Trust charge£250.00£50.00£300.00
Wills Fee
VATTotal
Basis Will – single person £110.00 £22.00 £132.00
Wills for Couple if terms are the same £200.00 £40.00 £240.00
Will including a property Trust £350.00 £70.00 £420.00

Court of Protection

Fees are based on the extent of the work involved. Our hourly rate is £240 plus vat at 20% (£48).

Please contact us so that we can let you have a no obligation quote based on your circumstances.

If you have any more questions regarding any of our services, please don't hesitate to call one of our dedicated advisors on 01253 362 500.

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