Because no two estates are the same, our fees for obtaining probate can vary. We recognise that administering an estate consists of two phases: first, applying for probate; secondly, distributing all assets to the appropriate beneficiary and settling any taxes due. Unless there is a substantial amount of complexity involved in your particular case, we will be able to split our fees and raise these when each stage has been completed satisfactorily.
Our fees are calculated according to the time it takes us to complete all necessary tasks. The complexity of an estate, as well as how much information gathering we take on ourselves, can both factor into our charges.
For an estate with three bank accounts, a property and share portfolio, the fee for probate begins at £2,000 plus VAT. To complete closure of the aforementioned estate and aid in gathering assets would then start from £1,500 plus VAT.
If your estate is relatively intricate and needs special relief to be applied, we suggest that you prepare for fees beginning at £3,000 plus VAT, particularly if the assets will pass down to multiple legatees and beneficiaries. On the other hand, when it comes to our second stage fee costs in these complex cases – they are typically estimated as starting from £2,500 plus VAT.
Aside from our fees, there are several additional costs and bills that must be paid in addition to what we charge. As of October 2022, these include:
Applying for the grant from the specified date can require a minimum of three to six months. The timeline largely depends on how long it takes to receive third-party information, as well as processing times at HMRC and Probate Office.
Our team provides a complimentary initial consultation to provide clarity on the affairs surrounding someone who has passed, as well as an estimated timeline and potential fees for our services.