A Will is a document made by someone known as a Testator with their wishes of what should happen to what they own when they die. It is important to do a Will as if not the property will be disposed of under the Intestacy Rules.

• Simple Will is £200 –
• Complex Will from £250

 

Probate is the process by which a person who has died property is disposed of in accordance with his wishes if he made a will and his tax bill and any bills paid.

The costs for Probate are 5% of the estate and 0.75% of the property. For hourly rate its £267 per hour.

Disbursement:

• Probate Court Fee – £155.00**
• Copies of Grant of Probate – £1.50 per copy
• Land Registry Title Entries (per entry) – around £3.00
• Bankruptcy Search Fee (per name) – £2.00
• Marriage/Death Certificate Search (per search) – £10.00
• Creditor Protection Notices – around £200

 

Upon issue of the grant of probate we will issue an invoice for the work done and forward the grant of probate and the copies after we have been paid.

The time it takes to obtain a grant of probate depends largely upon how quickly the relevant asset information can be obtained. Once that information has been obtained (which can take 4 to 6 weeks depending upon the institutions concerned) typically, obtaining the grant of probate takes 4 to 6 weeks thereafter. If inheritance tax is payable and therefore a receipt is first required from HMRC, the process will take longer depending upon how quickly HMRC process the application, although that can add a further 3 to 5 weeks. On average that is about 4 months.

Administering an Estate

It can take several months to administer an estate depending on factors, including if income tax returns require completion,  there is a residential property to sell; or; the estate needs to be registered as a complex estate. If a service is terminated before the grant is issued our hourly rates will apply.