?>
Skip to contentOur specialist Probate team at David Gray Solicitors can help and take over the Probate process from start to finish, dealing with all administration matters and also HMRC and the payment of Inheritance Tax. This would be an ‘Estate Administration’ service.
Alternatively, if you only require a grant to be able to deal with the sale of a property or deal with a straightforward estate, we also offer a ‘grant only’ service where we assist with all steps required up to and including obtaining the grant at which point we would provide this to you to gather in the assets yourself.
Please note our fees are subject to VAT, this tax is set by the UK government and is currently 20%.
How much does this service cost?
This service is a fixed fee of £875 plus VAT and disbursements. The current rate of VAT is 20%.
This includes the key stages of:
This DOES NOT include:
Disbursements:
Disbursements are costs related to your matter that are payable to third parties, such as court fees. These are payable by the estate. The possible disbursements are:
We will advise you which of the above disbursements are relevant to your case.
How much will it cost?
For a typical estate, we anticipate the costs will fall in the region of £2,500 – £4,000 plus VAT and disbursements. The current rate of VAT is 20%. Our costs would be charged on a time spent basis and our hourly rates are:
The above hourly rates are exclusive of VAT. The current rate of VAT is 20%.
The exact cost will depend on the individual circumstances of the matter. For example, if there is one property and bank accounts with one bank and only one beneficiary then costs will be at the lower end of the range. If there are accounts held with several financial institutions, any complex assets and multiple beneficiaries then costs will be at the higher end. If you are looking for assistance with a more complex estate, we will provide a quote to you on request.
The cost will also depend on the hourly rate of the allocated Probate lawyer. Please note, if a qualified solicitor is dealing with your matter, they will receive support from other members of the team and will delegate work to those with lower hourly rates as appropriate.
We will handle the full process for you. This quote is for estates where:
This includes the key stages of:
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as court fees. These are payable by the estate. The possible disbursements are:
We will advise you which of the above disbursements are relevant to your case.
Potential additional costs
There are likely to be additional costs if any of the following apply:
Any additional costs will vary and we would be happy to provide you with a quote after taking some details of the estate on a no obligation basis.
What is NOT INCLUDED?
Registering any Trusts with the Trust Registration Service is not included but we would be happy to give you details of an Accountancy firm who could assist with this if relevant.
Where a claim for Agricultural Relief is needed for Inheritance Tax purposes, unfortunately we would not be able to assist with the estate but we would be happy to provide you with details of a firm who could assist.
How long will it take?
The length of the process can vary from case to case but for straightforward applications, the likely timescales for the key stages are:
These timescales are based on a straightforward probate case and if there are any complicating factors, the likely timescales will be longer. Complicating factors can include:
For a grant only service, the likely timescale is between 10 and 16 weeks for a straightforward case. For estate administration service, overall, a straightforward case is likely to take between 6 and 12 months. For a more complex case, the overall timescale will depend on a number of factors but typically will take between 9 and 18 months. In the most complex cases, the timescale for fully winding up the estate may be longer but usually interim distributions would be made to beneficiaries with a modest sum retained in the estate account pending conclusion.
Please do not hesitate to contact Hayley Baker on 0191 243 8167 to discuss your matter further and obtain a quote.
Search the site