SAS Daniels’ estate administration and probate lawyers can assist you with either applying for a Grant of Probate (also known as a Grant of Representation) or through the full estate administration process and will tailor the work according to your needs.
Grant of Probate costs
Our lawyers can apply for a Grant of Probate on your behalf and offer this service as a fixed fee, when the estate is straightforward and no inheritance tax is payable. Our cost for this service is £1650 plus VAT charged at 20%.
The above fee is based on the executor providing details of the estate valuations in a form acceptable to HMRC. They exclude the preparation of income and capital gains tax returns for the deceased or following the death and also excludes notifying institutions of the death, the collection of assets, payment of debts and distribution of the estate.
This service does not apply when the firm are the appointed professional executors or where a full Inland Revenue account is required. A probate court fee is payable to HMCTS (HM Courts and Tribunals Services) currently of £300 plus £1.50 for each extra copy needed.
Estate administration costs
Our specialist estate administration solicitors can advise and help executors through the full estate administration process following a death. No one estate is the same; we tailor our advice and the work required to suit your individual situation.
The fee for a full estate administration usually starts from £3,500 for a very straightforward estate and could range to upwards of £15,000 for more complex estates. If the estate is very complex, it may cost upwards of £25,000. All our costs are excluding VAT which is charged at 20%.
The cost will depend on whether someone has left a valid will, the number of beneficiaries who inherit the estate, the number of assets to value and collect, whether inheritance tax is payable and the size and nature of the estate. It will also depend on whether there are family members who are able to assist with some of the practical arrangements provided there are no disputes and how quickly it may take to find buyers for any property.
This information is not always known at the outset and we will provide you with a cost estimate, usually charged on an hourly basis, at each key stage of the process once full details have been ascertained. We will also meet with you before any work is carried out in order to give you a guide on the costs which will be incurred during the estate administration. In addition to the court fee there may be Land Registry fees and fees to place notices to creditors (which may be between £200 and £300 excluding VAT at 20%) as well as other professional valuation fees for the assets.
As a guide, the average cost of a full estate administration will be in the region of between 2% and 4% of the gross value of the estate.
SAS Daniels’ estate administration and probate lawyers can assist you with either applying for a Grant of Probate (also known as a Grant of Representation) or through the full estate administration process and will tailor the work according to your needs.
Grant of Probate costs
Our lawyers can apply for a Grant of Probate on your behalf and offer this service as a fixed fee, when the estate is straightforward and no inheritance tax is payable. Our cost for this service is £1650 plus VAT charged at 20%.
The above fee is based on the executor providing details of the estate valuations in a form acceptable to HMRC. They exclude the preparation of income and capital gains tax returns for the deceased or following the death and also excludes notifying institutions of the death, the collection of assets, payment of debts and distribution of the estate.
This service does not apply when the firm are the appointed professional executors or where a full Inland Revenue account is required. A probate court fee is payable to HMCTS (HM Courts and Tribunals Services) currently of £300 plus £1.50 for each extra copy needed.
Estate administration costs
Our specialist estate administration solicitors can advise and help executors through the full estate administration process following a death. No one estate is the same; we tailor our advice and the work required to suit your individual situation.
The fee for a full estate administration usually starts from £3,500 for a very straightforward estate and could range to upwards of £15,000 for more complex estates. If the estate is very complex, it may cost upwards of £25,000. All our costs are excluding VAT which is charged at 20%.
The cost will depend on whether someone has left a valid will, the number of beneficiaries who inherit the estate, the number of assets to value and collect, whether inheritance tax is payable and the size and nature of the estate. It will also depend on whether there are family members who are able to assist with some of the practical arrangements provided there are no disputes and how quickly it may take to find buyers for any property.
This information is not always known at the outset and we will provide you with a cost estimate, usually charged on an hourly basis, at each key stage of the process once full details have been ascertained. We will also meet with you before any work is carried out in order to give you a guide on the costs which will be incurred during the estate administration. In addition to the court fee there may be Land Registry fees and fees to place notices to creditors (which may be between £200 and £300 excluding VAT at 20%) as well as other professional valuation fees for the assets.
As a guide, the average cost of a full estate administration will be in the region of between 2% and 4% of the gross value of the estate.
