Full Administration of Estate
Every estate is different and the exact cost will be dependent on the individual circumstances. We will have a discussion with you at the outset to establish the extent of the estate and will then be able to provide you with our estimate based on the information provided.
If it becomes apparent that there is additional work required in excess of our initial estimate we will always discuss this with you before proceeding further.
Simple estate administration:
If the estate is simple and only a brief report of the value of the assets (IHT205) needs to be submitted, our fees are usually between £2,250 and £2,750 plus VAT at 20% (between £2,700 and £3,300 including VAT).
An example of a straightforward estate would be:
In addition to the work that we would carry out to obtain a grant we will also:
More complex estate administration:
If the estate is more complex, our fee to administer will usually be in the region of £4,500 to £5,500 plus VAT at 20% (£5,400 to £6,600 including VAT).
An example of the a more complex estate would be:
In addition to the work set out above for a simple estate administration we will:
Again, if the estate administration is found to be more complex than initially envisaged we will talk to you about our fees before proceeding any further.
Additional fees that may arise on more complex matters can include:
- Property valuations
- Accountant’s fees
- Missing beneficiary fees
- Statutory Notice fees
- Registrar’s fees for selling/transferring shares
- Land Registry fees for copies of title documents for properties
How long will it take?
The more complex the estate, the longer the administration is likely to take. On average it can take between 4 to 6 months to gather the information required to obtain the grant and then a further 6 to 9 months to deal with the administration of the estate.
