"Traditional Values - up-to-date knowledge"
Do you need help with any of the following?
To make plans to protect the interests of yourself and your family both during your lifetime and after your death, you should make a Lasting Power of Attorney. This will give your relative or friend power to manage your affairs or make decisions during your lifetime if you become unable to look after them yourself through mental or physical incapacity. You can then be assured that the person or persons you trust will be in charge if and when that happens. You should also make a Will. This will appoint executors to look after your property after your death and name who will inherit it. We have produced a Questionnaire suggesting things which you need to include in the Will. There will be much for your executor to do in order to wind up your Estate. What this is exactly will depend upon the size of the Estate, the type of property involved and who is to inherit. We can help your Executor in a sympathetic and efficient manner either by advising him how to go about it or by ourselves administrating the Estate on his behalf.
If you would like us to act for you or advise you please ring Celia Earley on 01904 623751.
The landmark Court of Appeal ruling has implications for how people should draw up their wills, legal experts say. Read more by clicking the link Your will can be ignored, say judges.
Probate: Range of costs for Administration of Estate
Applying for the grant, collecting and distributing the assets
In order to obtain the grant we will need to establish the assets and liabilities and place a statutory advertisement to protect the Executors. We can then draft the probate papers and tax returns, pay any inheritance tax due and obtain the grant. Once we have the grant we can collect the assets, payoff the debts and distribute the estate and prepare the estate accounts
We anticipate this will take between 4 and 20 hours of work at £275.00 per hour. Total costs estimated at £1,100 - £5,500 (plus VAT).
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
We will handle the full process for you. This quote is for estates where:
Potential additional costs
How long will this take?
On average, estates that fall within this range are dealt with within 2-4 months. Typically, obtaining the grant of probate takes an average 6 weeks.
Probate: Fixed fee for obtaining a Grant of Probate/Letters of Administration only
We can help you through this difficult process by obtaining the Grant of Probate on your behalf.
How much does this service cost?
TOTAL: fixed fee of £400.00 (plus VAT). Where the estate value is up to £325,000 and it is not necessary to submit a full account to HMRC. If the estate value is over £325,000, please telephone us on 01904 623751 for a quote.
This includes: obtaining the grant only
Breakdown of costs:
Legal fees £400.00
VAT on legal fees £80.00
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
As part of our fixed fee we will:
How long will this take?
On average, estates that fall within this range are dealt with within 2-4 months. Typically, obtaining the Grant of Probate takes 6 weeks.