Grant of Probate and Estate Pricing
Grant of Probate
If you would like us to assist with the application for the Grant of Probate only, our fees would be dependent on the complexity of the estate.
If the estate is simple and only a brief report of the value of the assets (IHT205) needs to be submitted, our fees are £925 plus VAT.
If the estate is more complex and Inheritance Tax may be payable, or extra allowances must be claimed to avoid Inheritance Tax being payable, our fees are £1625 plus VAT.
In addition, the Probate Registry fee on submitting the application is £155.
Additional copies of the Grant can be requested at a cost of £1.50 each.
When acting for you to obtain the grant, we will:
Please be aware that the fees shown above may be higher if the matter is more complex than expected, or if you require additional advice about other issues relating to the administration. In these cases we will charge you at the hourly rate of the person dealing with the matter (£260 plus VAT) but this will always be discussed with you before any charge is made, and you will be given an estimate of the costs involved.
How long will it take?
This is dependent upon the time taken to obtain the information required to make the application and how long the Probate Registry is taking to deal with applications. We will write to all the companies with whom the deceased had accounts and the time taken for them to reply can vary.
We would advise you of the likely timescale at the time of taking your instructions. In our experience it can take around 3 -6 months to obtain the grant on a simple estate.
Full Administration of the Estate (including obtaining the Grant)
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 straightforward to deal with, our fees are usually between £2,250 and £2,750 plus 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.
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.