Wills, Trusts & Probate Fees

Probate Costs & Fees

A one off Probate Application (this does not include the administration of the deceased’s estate):-

Under Inheritance Tax Threshold                                                                             starting from £390 + VAT (£468 inc. VAT)

Under Inheritance Tax with Longer Tax Schedule                                                   starting from £780 + VAT (£936 inc. VAT)

Over Inheritance Tax Threshold                                                                              starting from £780 + VAT (£936 inc. VAT)

There may also be other third parties who will require payment as and when they are used, for example, we sometimes find that it is less expensive to pay for the services of an accountant for preparing and completing tax returns, than ourselves; there may be the necessity for adverts or notices to be placed in newspapers.  These will in any event be discussed with you at the relevant time, when and if required.

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Costs of Probate Application and Administering of the deceased’s Estate

The charges are based on a persons hourly rate (depending on their Grade) for the time spent on a matter, plus a percentage of the estate as follows:–

Grade:

Trainee Solicitor                                                                                                     £111 per hour plus VAT = £133.20 per hour

Junior Solicitor/Legal Executive (less than 4 years experience)                            £146 per hour plus VAT = £175.20 per hour

Solicitor/Legal Executive (over 4 years experience)                                              £177 per hour plus VAT = £212.40 per hour

Solicitor/Legal Executive (over 8 years experience)                                              £201 per hour plus VAT = £241.20 per hour

PLUS a percentage value of the following

Sale price of the deceased Home                                                                          0.5% of sale price and

Gross value of the remainder of the Estate                                                           1% of the Gross Value

OR

If a Solicitor in the firm is also an Executor of the deceased’s  Will             

Sale Price of the deceased’s Home                                                                       1% of the sale price and

Gross Value of the remainder of the Estate                                                           1.50% of the gross value

PLUS

Routine letters/emails/telephone calls sent or made                                             10% of the hourly rate per item

Considering incoming letters/emails/telephone calls                                             5% of the hourly rate per Item

PLUS

Disbursements (payable to others)

Probate Fee                                                                                                            £155.00 (subject to change)

Office Copy of the Grant                                                                                         £1.50 per copy

There may also be other third parties who will require payment as and when they are used, for example, we sometimes find that it is less expensive to pay for the services of an accountant for preparing and completing tax returns, than ourselves; there may be the necessity for adverts or notices to be placed in newspapers.  These will in any event be discussed with you at the relevant time, when and if required.