Expenses – probate and estate administration

Even where our charges are fixed, we would usually expect to incur certain expenses your behalf which we will also add to your bill. The amount of expenses can vary and the following is an estimate only:

Price & Service Transparency Statement - Probate

Estimated total legal costs – probate and estate administration

We estimate that the total cost of a probate and estate administration case will be between £3,200.00 and £6,750.00 including our charges, the expenses we expect to pay on your behalf and VAT.

This estimate includes:

  • Attending you for a meeting and obtaining information, including ID checks;
  • Identifying the legally appointed executors or administrators of the estate;
  • Collating information about the Estate;
  • Preparing IHT tax return (whether or not tax is payable)
  • Preparing Oath forms;
  • Make the application for Probate on your behalf;
  • Collecting in the assets of the Estate;
  • Completing the transfer of one property into the beneficiaries name;
  • ID checks of beneficiaries and carrying out bankruptcy searches;
  • Completing estate accounts and distribution of assets to beneficiaries.

Additional costs – probate and estate administration

The ‘Estimated total legal costs’ shown above assumes. there is a valid will or the personal representative is readily identifiable, there is no inheritance tax to pay and the estate does not include any shareholdings, there is one property, up to 3 bank accounts  and there is one or two beneficiaries. Additional amounts may be payable for our charges and/or expenses if e.g. there is no will, there are several beneficiaries, there are multiple bank accounts and several beneficiaries. There is more than one property, the estate requires completion of the IHT 400 tax form, there are complex investigations about the assets of the estate, a deed of variation is required or beneficiaries or executors have to be traced, there are assets abroad   or distribution of the estate is contested.

The ‘Estimated total legal costs specifically does not include:

  • The sale or transfer of shares;
  • Completing IHT 400;
  • Transfer of several properties;
  • Completing income tax return including capital gains tax advice;
  • Dealing with the sale of any properties;

Likely timescale and key stages – probate and estate administration

Simple Probate and estate administration cases usually take 3 to 12 months from receiving your instructions to completion.  This is on the basis that there is a valid will, there is no inheritance tax to pay and the estate does not include any shareholdings.   If any complications of this or any other nature arise the matter will take a longer.  We will advise you if and when this occurs.

Most matters of this nature involve the following key stages:

  • Collating all necessary information about the assets and liabilities, 4 to 12 weeks;
  • Preparing IHT 205 and Oath for Executors, and submitting application for Probate, 4 to 12 weeks;
  • Collecting in the assets of the estate and paying off debts,  4 to 16 weeks;
  • Preparing estate accounts and distributing to beneficiaries, 4 to 12 weeks.