Dealing with Probate
Applying for the grant, collecting and distributing the assets
Our probate work is carried out by solicitors who have been qualified for at least 25 years and who are experienced in probate work. They are supervised by a director of the firm with more than 26 years experience as a solicitor.
As part of our services we will:
- Provide you with a dedicated and experienced probate solicitor to work on your matter
- Identify the legally appointed executors or administrators and beneficiaries
- Accurately identify the type of Probate application you will require
- Obtain the relevant documents required to make the application
- Complete the Probate Application and the relevant HMRC forms
- Draft a legal oath for you to swear
- Make the application to the Probate Court on your behalf
- Obtain the Probate and securely send two copies to you
- Collect and distribute all assets in the estate
How long will this take?
On average, estates that fall within this range are dealt with within 6 -12 months. Typically, obtaining the grant of probate takes 3 – 6 months. Collecting assets then follows, which can take between 3 – 6 months. Once this has been done, we can distribute the assets, which normally takes 2 – 4 weeks.
How much will it cost?
We anticipate this will take between 10 and 20 hours work at £325 per hour plus VAT. Our total fees are estimated at between £3,250 and £6,500 (+VAT).
We will handle the full process for you. This quote is for estates where:
- There is a valid will
- There is no more than one property
- There are no more than one bank or building society accounts
- There are no other valuable assets
- There are up to 3 beneficiaries
- There are no disputes between beneficiaries on division of assets. If disputes arise this will lead to an increase in costs
- There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
- There are no claims made against the estate
Disbursements will also be payable by you, including the following:
- Probate application fee of £155 plus 50 pence per additional sealed copy – this is likely to increase in April 2019.
- £7 Swearing of the oath (per executor)
- Bankruptcy-only Land Charges Department searches (£3 per beneficiary)
- £68.50 plus vat for an entry in The London Gazette – Protects against unexpected claims from unknown creditors (the amount could increase)
- £49.20 plus vat for an entry in a Local Newspaper – This also helps to protect against unexpected claims (the amount could increase).
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Potential additional costs
- If there is no will or the estate consists of any share holdings (stocks and bonds) there are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information. Disputes or non-cooperation between executors can also substantially increase costs.
- If any additional copies of the grant are required, they will cost 50 pence each.
- Dealing with the sale or transfer of any property in the estate is not included in our estimate.