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Fees – Applying for the Grant, Collecting and Distributing the Assets – Costs and time frames

We anticipate on average this will take between 10 and 12 hours work at between £185 per hour and £240 per hour depending upon the level of lawyer involved. Total costs estimated at between £1850 and £2880 (+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 quote is for estates where:

If there is no will the estate will be regarded as “ Intestate “ and a slightly different application will need to be made for Letters of Administration ( instead of for a Grant of Probate ) This is unlikely to increase costs significantly but we would advise you before commencing work if we felt this  was likely.

In some cases Inheritance Tax (IHT) will be payable. It is impossible to give an accurate idea of the extent of IHT without a detailed understanding of the extent and history of the estate. However we would advise you to seek guidance from the helpful HMRC guides that can be accessed from the link below:

https://www.gov.uk/guidance/hmrc-tools-and-calculators

Inheritance Tax is payable in relation to larger estates. It is impossible to accurately assess the likely costs involved without a detailed understanding of the extent and complexity of the estate. It is likely that the cost of the work and completion of the relevant HMRC Form- IHT 400 would be between £1000 and £3000 plus VAT

Disbursements are not included in this fee and are likely to include but are not necessarily limited to:

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.

Potential additional costs

How long will this take?

On average, estates that fall within this range are dealt with within 6-8 months. Typically, obtaining the grant of probate takes 8-12 weeks. It is impossible to give an accurate guide as to how long it will take to collect in the assets. If the estate include a property then it will be dependent on the sale of the property which in turn is dependent on the market conditions and the length of any chain. .Please note that where there are professional executors we will not be able to distribute the estate for a period of 6 months from the date of the grant.