Probate Fees

Probate Fees

Pricing Guide in relation to uncontested probate where assets are all situated in the UK

When someone dies usually there will be certain legal formalities that will need to be dealt with to administer their estate and make sure their assets pass to the correct beneficiaries.

The team at Imperial Law can assist you on the process of obtaining a grant of probate or letters of administration where someone has died without making a Will. Although, the process to obtain a grant of probate or letters of administration can be complicated and can take several months the team at Imperial Law will deal with your matter in a proactive and empathetic manner.

Applying for the grant, collecting and distributing the assets if No Full Inheritance Tax Return Required

Our Charges

For estates where a full Inheritance Tax return is not required and it is an uncontested estate administration we anticipate the time that we will spend in dealing with this for you this will take between 6 and 25 hours work.

The rates charged by our probate solicitors vary on experience however the average fees are £180 per hour plus VAT. Our charges will therefore be between £1080 and £4500 plus VAT depending upon the complexity of the matter.

VAT is currently charged at the rate applicable at 20%.

Disbursements

In addition to our charges, certain costs will be payable to third parties, which are called ‘disbursements’.  We handle the payment of the disbursements on your behalf to ensure a smoother process. Examples of the common disbursements payable in connection with obtaining a Grant of Probate are:

  • Probate application fee of £155.00
  • Bankruptcy searches (£2.00 per beneficiary)
  • Trustee Notices – £200 plus VAT
  • Missing Asset Search £199.00 plus VAT
  • Will Search £90.00 plus VAT

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.

We will handle the full process for you. This estimate is for estates where:

  • There are no disputes between beneficiaries on division of assets. If disputes arise this will lead to an increase in costs
  • 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

Potential additional costs

  • If there are assets that require specialist valuation, then this will incur additional cost;
  • If there are multiple properties
  • If there are overseas assets;
  • If there are multiple bank accounts
  • If the estate involves complex tax issues then specialist tax advice will be required and additional costs will be incurred;
  • If there is a dispute between the beneficiaries
  • If there are Trusts to administer in the Will; and
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within 3-5 months. Typically, obtaining the grant of probate takes 6-12 weeks. Collecting assets then follows, which can take between 3-4 weeks, (excluding dealing with the sale of any property). Once this has been done, we can distribute the assets, which normally takes 4-8 weeks. Although in some circumstances we advise (in order to protect the executors against third party claims) that the estate assets are not distributed earlier than 10 months from the date of Grant of Probate.

Applying for the grant, collecting and distributing the assets if a Full Inheritance Tax Return is Required

Our Charges

With this option we will deal with the whole estate administration including obtaining asset valuations, establishing liabilities, applying for the Grant of Probate preparing and submitting the relevant Inland Revenue Accounts, paying any Inheritance Tax due and dealing with final distribution of the estate.

Every estate is different but, typically, we anticipate that our legal costs would be between £4,000 -£10,000 plus VAT. Fees are charged based on an hourly rate of £180 plus VAT. The exact amount would depend on the individual circumstances 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 exact amount would depend on the individual circumstances so please do get in touch so we can prepare a more accurate quotation for you

In addition to our charges, certain costs will be payable to third parties, which are called ‘disbursements’.  We handle the payment of the disbursements on your behalf to ensure a smoother process. Examples of the common disbursements payable in connection with obtaining a Grant of Probate are:

  • Probate application fee of between £155
  • Bankruptcy searches (£2.00 per beneficiary)
  • Trustee Notices – £200.00 plus VAT
  • Will Search £90.00 plus VAT
  • Missing Asset Search £199.00 plus VAT

However, the exact cost will depend on the individual circumstances of the matter.

We will handle the full process for you. This estimate is for estates where:

  • There are no disputes between beneficiaries on division of assets. If disputes arise this will lead to an increase in costs
  • There are no claims made against the estate

We will

  • Provide you with a dedicated and experienced probate solicitor to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Advise you on your duties as an Executor and on all matters which will need to be completed to fully deal with the administration of the estate
  • Obtain details and valuations of all assets and liabilities in the estate
  • Collect in the assets of the estate
  • Settle any debts and liabilities of the estate
  • Prepare estate accounts
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a legal oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send two copies to you
  • Collect and distribute all assets in the estate

Potential additional costs

  • If there are assets that require specialist valuation, then this will incur additional cost;
  • If there are overseas assets;
  • If the estate involves complex tax issues then specialist tax advice will be required and additional costs will be incurred;
  • If there are Trusts to administer in the Will; and
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within 6-18 months. Typically, obtaining the grant of probate takes 6-12 weeks. Collecting assets then follows, which can take between 3-4 weeks, (excluding dealing with the sale of any property). Once this has been done, we can distribute the assets, which normally takes 4-8 weeks. Although in some circumstances we advise (in order to protect the executors against third party claims) that the estate assets are not distributed earlier than 10 months from the date of Grant of Probate.

Fixed Fee – obtaining the grant only

If you do not require us to help with the distribution of the estate and if a full Inheritance Tax return is not required then we can help you through the process of obtaining the Grant of Probate on your behalf. You will then deal with the collecting and distributing of assets. (Although we can assist with this if required).

This service is to obtain Grant of Probate or a Grant of Letters of Administration for this we offer a fixed fee quotation. This is on the basis that you are able to provide us with all of the information required including the valuation of estate assets and liabilities. This fixed fee will be on the basis that the distribution of the estate is dealt with by you (or the Executors) once Probate has been obtained. 

Grant only applications 

IHT205 Form (no tax payable) £750.00 + VAT

 

Disbursments

Court Fee £155.00

Land Registry fee (property only) £3.00

Potential additional Disbursements

Will Search £90.00 plus VAT

Missing Asset Search £199.00 plus VAT

Trustee Notices £200.00 plus VAT

 

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.

 

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate solicitor to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a Statement of Truth
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send two copies to you

 

Dealing with the sale or transfer of any property of the estate is not included and will be quoted for separately.

We require you to complete a schedule of assets and liabilities and their values as at the date of death.

This does not include:

  • Distributing the assets of the estate
  • Arranging any statutory notice advertisements in the London Gazette or local newspapers
  • Dealing with any disputes
  • Dealing with any inheritance tax

 

How long will this take

Typically, a Grant of Probate takes 6 to 12 weeks.