Plan For Their Future

Losing somebody you love can be hard enough to cope with emotionally without having to deal with the practical aspects as well.

Probate

Losing somebody you love can be hard enough to cope with emotionally without having to deal with the practical aspects as well. Probate is the legal process to effectively deal with the distribution of someone’s estate once they have passed away and can seem an overwhelming task to most people.

With many accountants and banks charging high percentages for probate administration, it may seem that you have no alternative but to try and deal with the task yourself. However, please contact Willsons Solicitors first as we are able to offer various low cost solutions.

We take pride in providing a sympathetic and personal service to suit your Probate needs. Depending on your own particular circumstances, we can offer various levels of assistance. These can range from giving you help and advice on how to complete Probate, Inheritance Tax and Property transfer forms, to a total Probate or administration service whereby no interviews with the Probate Office or Probate Registry are necessary. Willsons Solicitors can also provide these same services in the event there is no Will.

Applying for the grant, collecting and distributing the assets

We anticipate this will take between 4 and 24 hours work at the partners rate of £200 per hour. Total costs estimating at £800-£4800 (+VAT).

The exact cost will depend on the individual circumastances of the matter. For example, if there is one beneficiary and no property and one or two bank accounts costs will be atthe lower end of the range. If there are multiple beneficiaries, more than one property, multiple bank accounts, shares, trusts etc. additional costs will occur.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will;
  • There is only one freehold property;
  • There are no more than 2 bank/building society accounts;
  • There are no other intagible assets;
  • There is one benefeciary;
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs;
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC;
  • There are no claims made against the estate.

Disbursements:

  • Probate application fee of £155.00
  • Copy of Probate (Office Copy) 50p each
  • £7.00 for swearing for the Oath and additional £2.00 per document to be sworn (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • Post in The London Gazette – Protects against unexpected claims from unknown creditors. Fee on the London Gazette website.
  • Post in a Local Newspaper, this price will vary dependant on your location and the paper chosen – This also helps to protect against unexpected claims.

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.

Potential Additional Costs

  • If there is no will or the estate constists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
  • If any additional copies of the grant are required, they will cost £1 ( 1 per asset usually required).
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within 6-12 months. Typically, obtaining the grant of probate takes 6 weeks. Collecting assets then follows, which can take between 6-12 weeks. Once this has benn done, we can distribute the estate, which normally takes up to 6 weeks.

Applying for Grant of Probate only – Fixed Fee

Probate

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will not undertake the collecting and distrbutution of assets for this fixed fee.

How much does this service cost?

Fixed fee: Between £650-£750 (plus VAT).
This includes: Obtaining the grant only.

Breakdown of costs:

Legal fees: £650-£750
VAT on legal fees: 20% (current standard rate)

Disbursements:

  • Probate court fee of £150;
  • If any additional copies of the grant are required, they will cost £1 (1 per asset is usually required).

Disbursements are costs relating 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:

  • Provide you with a dedicated and experienced probate Fee Earner to work on your matter;
  • Identify the legally appointed executors or administrators;
  • Accurately identify the type of Probate application you will require;
  • Obtain the relevant documents required to make the application;
  • Complete the Probate Application and the relevant HMRC returns;
  • Draft a legal oath for you to swear;
  • Make the application to the Probate Court on your behalf;
  • Obtain the Probate and securly send two copies to you.

Please note the completion of IHT400 will not be included in fixed fee arrangements.

On average, estates that fall within this range are dealt with within 1-3 months.

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Meet The Wills & Probate Team

Bob Willson

Bob Willson

Senior Partner

Email: Bob
Tel: 024 7638 7821

About Bob

Bob Willson qualified as a solicitor in 1978 and founded the firm in 1987. Bob has a wealth of experience and supervises the Residential Conveyancing Department.

He has a wealth of experience in commercial property matters and business transfers and has dealt with the sale and purchase of businesses of high value.

Bob is keen to ensure that the “nitty gritty” of every business transaction is looked into. He is keen to visit clients at their place of business so he can get an understanding of how their business operates.

His calming and reassuring manner instantly puts client at their ease.

Bob loves The Rolling Stones and his classic car! He would also love to play more golf – when time allows.

Claire Cottrell & Chelsea Shore

Claire Cottrell & Chelsea Shore

Support Team

Email: Chelsea or Email: Claire
Tel: 024 7638 7821

About Claire & Chelsea