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Estate Administration Pricing
Meet the Team
Our Wills, Trusts and Probate team have over 55 years collective experience in delivering outstanding service to our clients in all aspects of Wills, Lasting Powers of Attorney, Court of Protection work, Estate Planning, Trusts, Probate and Estate Administration matters.
We have seven members of the team who may work on your matter, all with extensive knowledge and expertise in these areas, and all of whom are supervised by Peter Hamilton, Director and Head of Wills, Trusts and Probate department.
Please click on each person to view their profile.
Our Approach to Pricing for Uncontested Probates
Our experience tells us that no two people’s circumstances and requirements are exactly the same, and therefore our preference is always to sit down with you to assess your particular requirements and then agree our charges with you. However, we also acknowledge that it can be helpful for clients to have some understanding of our charges before an initial meeting and therefore we are providing some information below that might be helpful for you, as a guide to our approach.
The cost of administering the estate of the deceased person will always depend upon the individual circumstances of the estate. The factors that can affect the cost include:
- the number, value and type of estate assets.
- the validity of the will.
- ascertaining and finding the beneficiaries.
- challenges to the will or claims against the estate.
- disputes between beneficiaries on division of estate assets.
- inheritance tax issues.
- the willingness of the personal representatives to carry out estate administration tasks themselves.
- the cooperation and prompt actions of the personal representatives and third parties involved in the estate administration.
The general rule is that simple estates (for example, an estate with few assets and beneficiaries) will cost less to administer. Larger and more complex estates, and those with any of the issues referred to above, will cost more to administer.
A simple estate could cost as little as £750 plus VAT to administer, but a high value and complex estate administration could cost in excess of £10,000 plus VAT to administer.
Typically our charges are calculated by reference to an hourly rate for work undertaken (except in cases of exceptionally high value or complexity in which case a value element is also charged). The hourly rates will vary according to the experience and qualifications of the staff member carrying out the work, and also the complexity and urgency of the work required. Hourly rates start from £100 per hour for a junior staff member undertaking simple estate work, to £325 per hour for an experienced solicitor undertaking complex or urgent work. All charges are subject to the addition of VAT.
Before we commence work on an estate administration we will agree what work we are undertaking for you and we will also provide you with details of who will be handling the matter, their qualifications, the applicable hourly rate(s), estimate of charges, details of the disbursements and a timescale estimate.
These are the costs related to the administration of the estate that payable to third parties. The disbursements payable will depend upon the individual circumstances of the estate, but they are likely to include the following:
- Probate registry fees (the court fees payable to apply for a Grant of Probate or other Grant).
- Commissioners fees (the fee payable for swearing the oath required to apply for a Grant).
- Bankruptcy search (one per beneficiary).
- Trustee act notice fees (protecting against unexpected claims from unknown creditors).
- Land registry fees (for any related property work).
These estimates would be appropriate for estates where:
- there is a valid will and there are no complications arising from the terms of the will or its execution.
- no work is required in relation to personal possessions.
- no work is required in relation to the domestic utilities and services (including gas, electricity, telephone, water, Council tax, insurances and subscription services).
- no work is required in relation to finalising pension or income tax matters.
- no follow-up work is required in relation to the bankruptcy search results.
- there are no disputes between beneficiaries on division of assets.
- 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.
- the executors and other third parties involved in the estate administration deal with their actions promptly and diligently.