Probate Costs – PLEASE NOTE WE ARE NOT CURRENTLY TAKING ON FRESH PROBATE MATTERS
Obtaining a grant of representation and dealing with the administration of an estate can be complicated; it can take several months to make sure everything is done properly. At Bryan and Mercer we offer a complete estate administration service to deal with everything for you.
Every estate is different, which is why we encourage you to contact us so we can provide you with an estimate outlining a range of potential fees to make sure that you get the right amount of support to meet your individual circumstances. We will update you regularly on your costs throughout the matter so you can stay in control throughout.
Costs
1% Cash Estate
0.5% Property value if the property is solely owned by deceased or 0.25% if jointly owned
£250.00+VAT in the sum of £50.00 per hour
Please note, the percentage costs may be reduced or waived at the discretion of the Solicitor with conduct in the event that the estate contains less than 5 assets in total or is of a value less than £250,000
Please note all costs stated are subject to the current rate of VAT being 20%.
Disbursements
*Probate Fee: |
£155.00 |
Official Copies of Grant (per copy) |
£0.50 |
Variable |
Post in the local newspaper |
£62.15 |
Post in the London Gazette |
* Please note that the government has issued proposals to increase fees in the future. At present these plans are on hold. Should they proceed, we will attempt to make the application for the grant before the fee changes but due to the nature of the process and reliance on third parties this may not be possible
As part of the full probate service we will:
- Contact asset holders to establish sums held
- Post the necessary notices in the local newspaper and London Gazette
- Prepare the relevant Inheritance Tax forms and file with HMRC
- Prepare the relevant Probate application and Oath and submit the application (Please note the Oath will need to be sworn with a separate solicitor)
- Collect in the assets
- Distribute the assets to the beneficiaries
- Keep you informed with regular updates throughout
- Prepare probate accounts for your and our records
The following factors are likely to increase the cost of your matter:
- not having all of the paperwork available, or having missing or incorrect information that needs investigation and correction
- third parties not responding to our communications promptly
- dealing with unusual or complex assets or items (for example: fine art; timeshares; shares in private companies etc)
As soon as any complications arise we will discuss these with you and agree the fee for the additional work being carried out in advance of any additional work being undertaken.
Please contact us so that we can provide you with an individual quote based on your specific circumstances.
Inheritance Tax Account and Probate Application Only: |
£250.00+VAT in the sum of £50.00 per hour |
Disclaimer: Costs shown are indicative only and are subject to change if the matter is unusually complex or additional unexpected work is required.