Probate & Administration

Probate & Administration2019-01-16T10:12:14+00:00

Probate Fees Summary

Hunt and Hunt’s charges for obtaining the Grant of Probate are summarised here;

Grant of Probate – if you provide all the information and the estate is under £325,000 and no Inheritance Tax is payable, our fee is £700 plus VAT and disbursements

Grant of Probate – if you provide all the information and the estate is under £650,000 and no Inheritance Tax is payable due to the transferable nil rate band between spouses and civil partners, our fee is £900 plus VAT and disbursements

Full Estate Administration – for estates where Inheritance Tax is chargeable or an application for the residential nil rate band is required. Charged at the hourly rate of £220 plus VAT and disbursements

We are also able to assist with matters after the receipt of the Grant of Probate, including collection of assets, payment of liabilities and distribution of the estate. Details of these charges, together with a further overview of the fees stated, are given below.

Grant of Probate: If you provide all the information and the estate is under £325,000 and no Inheritance Tax is payable

This fee for obtaining the Grant of Probate includes;

Legal fees: £700
VAT on legal fees: £140
Disbursements: £158 (an estimated total for disbursements)

TOTAL: Fixed Fee of £998 (incl. VAT).

Grant of Probate: If you provide all the information and the estate is under £650,000 and no Inheritance Tax is payable due to the transferable nil rate band between spouses and civil partners

This fee for obtaining the Grant of Probate includes;

Legal fees: £900
VAT on legal fees: £180
Disbursements: £158 (an estimated total for disbursements)

TOTAL: Fixed Fee of £1,238 (incl. VAT).

Disbursements are costs related to your matter that are payable to third parties which consist of the Probate Court fee which is currently £155 plus £0.50 for each sealed copy of the Grant required. We have estimated the fee of £158 which includes 6 sealed copies of the Grant (1 copy is usually required per asset of the estate).

Our fixed fees are for estates where:

  • There is a valid Will
  • There is no more than one property
  • There are no more than 6 bank or building society accounts
  • There are no other intangible assets
  • There are 1-4 beneficiaries
  • There are no claims made against the estate and no disputes arise between the Beneficiaries regarding the distribution of the estate. Should a claim be made this will lead to additional costs and a delay with the legal process
  • There is no Inheritance Tax payable and the Executors do not need to submit a full account to HMRC

The prices shown are those quoted as standard but may be subject to amendment in the event that the estate becomes more complex and/or there are additional client requirements.

Administration following Grant of Probate

Additionally we are able to deal with the administration of the estate following receipt of the Grant of Probate which will include collecting the assets of the estate, discharging the liabilities and dealing with the distribution of the estate to the Beneficiaries.

Our costs for such instructions will be charged at the hourly rate of £220 plus VAT and disbursements and the exact charges will depend upon the number of Beneficiaries, the type and number of assets (i.e. multiple bank accounts, shareholdings, and investment bonds) and the number of liabilities.

Should you wish to instruct the firm following the receipt of the Grant of Probate, your Probate solicitor will be able to advise of the likely costs which would depend upon your instructions.

The potential disbursements in acting in the administration of the estate following the receipt of the Grant of Probate would be;

  • Bankruptcy-only Land Charges Department searches (£2 per Beneficiary).
  • £96 Legal Notice placed in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £144 Legal Notice placed in a Local Newspaper – This also helps to protect against unexpected claims.

Full Estate Administration

We anticipate this will take between 8 and 16 hours work at £220 per hour. Total costs estimated at £2,112-£4,224 (including VAT) plus disbursements (detailed below).

The exact cost will depend on the individual circumstances of the matter. For example if there is a valid Will naming yourself as the sole Executor with 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.

Likely disbursements would include:

  • Probate Court fee of £155 plus £0.50 for each sealed copy of the Grant (1 copy usually required per asset of the estate)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary).
  • £96 Legal Notice placed in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £144 Legal Notice placed in a Local Newspaper – 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.

The range of fees quoted above is for estates where:

  • There is a valid Will appointing you as the sole Executor
  • There is no more than one property
  • There are no more than 6 bank or building society accounts
  • There are no claims made against the estate and no disputes between the Beneficiaries regarding the distribution of the estate. Should a claim be made this will lead to additional costs and a delay with the legal process

If there is no valid Will, or if the valid Will appoints a partner at this firm as one of the Executors, the above fee scale will be subject to amendment. If we are Executors or Co-executors under a Will, we are responsible for marketing and selling the property and agreeing the sale price with the Beneficiaries which could lead to extended communication.

The prices shown are those quoted as standard but may be subject to amendment in the event that the estate becomes more complex and/or there are additional client requirements.

Probate Timescales – How long will this take?

On average, estates that fall within either of our fixed fees receive the Grant of Probate in 2-4 months.

Should the estate fall into a Full Estate Administration fee the matter will be dealt with, on average, between 6-12 months. Typically, obtaining the Grant of Probate takes 4-6 months, including dealing with the submitting of the Inheritance Tax Account to HMRC. Collecting assets then follows, which can take between 1-2 months. Once this has been done, we can distribute the assets, which normally takes 1-4 months (distribution takes longer when there is inheritance tax payable as HMRC Clearance should be obtained before distribution).

Probate Service – what we will do for you

As part of our services we will:

  • Provide you with a dedicated and experienced Probate solicitor to work on your matter
  • Identify the legally appointed Executors and Beneficiaries
  • Accurately identify the type of application required for the Probate Court
  • Complete the Probate Application and the relevant HMRC forms
  • Draft the necessary Statement of Truth
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send sealed copies to you