We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collection and distribution of assets. If there is no will then we can guide family members through the steps that need to be undertaken to progress the administration of the estate.
Often when someone passes away the number of different matters that need to be sorted out can seem daunting. QualitySolicitors Brett Holt aim to help you through this process so that it goes as smoothly as possible.
We quote a fixed fee for the work we will carry out. 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.
The average fee for a modest estate comprising a house, with a couple of bank and/or building society accounts with an overall value of up to £500,000 is £4,500 + VAT. This includes: obtaining the grant, collecting assets, repaying liabilities and distributing the remaining estate. However given the complexitity of the estate the fee may be more than this.
The typical breakdown of our costs for this type of estate would be:
Legal fees: £4,500
VAT on legal fees: £900
- Probate court fee: £155
- Court certified copies of Grant of Probate: £1.50 each (we would normally recommend 5-10 are obtained)
- Bankruptcy search: £2.40 (per beneficiary)
- Anti-money laundering check: £5.40 (per beneficiary)
- London Gazette notice: £91.84 - This protects executors against unexpected claims from unknown creditors.
Disbursements are costs related to your matter that are payable to third parties, such as the Grant of Probate fee. Because of this the exact amount will differ between estates.
We handle the payment of the disbursements on your behalf in order to ensure a smoother process.
As part of our fixed fee we will:
- Provide you with a dedicated and experience probate solicitor to work on your matter.
- Identify the legally appointed executors or administrators and beneficiaries.
- Accurately identify the type of Probate application you require.
- Obtain the relevant documents required to make the application.
- Complete the Probate Application and the relevant HMRC forms.
- Draft the Statement of Truth to send to the Probate Court.
- Make the application to the Probate Court on your behalf.
- Obtain Probate.
- Collect in all assets of the estate.
- Repay any liabilities of the estate.
- Post a notice in the London Gazette providing protection for the executors from unexpected claims from unknown creditors.
- Prepare estate accounts.
- Distribute the estate to the beneficiaries.
On average estate that fall within this range are dealt within 6 months. Typically obtaining the grant of probate takes 8-10 weeks. Collecting assets then follows, which can take between 4-6 weeks. Once this has been done, we can prepare estate accounts and distribute the assets, which normally takes 2-4 weeks.
If you need support administrating an estate and you aren’t sure what to do, let QualitySolicitors Brett Holt give you the answers. Contact your local branch today.