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CHARGES AND EXPENSES
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PROBATE

Apply for the grant, collecting and distributing assets

If we handle the full process for you, and the following factors apply;‐
- There is a valid Will and codicils
- There is no more than one property
- There are no more than 3 bank or building society accounts
- There are no other investments
- There are 1‐2 beneficiaries
- There are no more than 2 UK resident Executors who are able to act
- 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
- There is no other reason for the executors to submit a full inheritance tax account to HMRC
- There are no claims made against the estate
then as a guide you could expect that estates of this nature will take between 20 to 30 hours work at £280 per hour, and therefore based on an hourly rate pricing structure, costs would be estimated to be between £5,600 – £8,400 (+VAT). Of course, if the estate is smaller than what is described above or if a grant of representation is not required and the estate is administered under the small estates procedure, the cost is likely to be much lower.

Disbursements in addition to this fee:

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.
- Probate application fee of £155. If any additional copies of the grant are required, they will cost £1.50 per copy, and as a rule you will need one copy per asset
- Land Registry office copy entries of title to property and plan (£6)
- £25 Unclaimed Asset Register search (if required)
- Bankruptcy‐only Land Charges Department searches (£2 per beneficiary)
- £70 + VAT Statutory Advertisement in The London Gazette – Protects against unexpected claims from unknown creditors.
- Approximately £90 + VAT (depending on local area newspaper charges) Statutory Advertisement in a Local Newspaper – This also helps to protect against unexpected claims.

 

 

 
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