WILLS, POWERS OF ATTORNEY & PROBATE
How much will my Probate cost?
We can either obtain the Probate for you and let you deal with collecting and distributing the assets (known as administration of the estate) or we can do the whole thing for you.
Applying for Probate Only
To just obtain the Grant of Probate for a simple estate our costs are £1,205.
This is broken down as follows:
Applying for Probate, collecting and distributing the assets
We anticipate this will take between 30 and 60 hours work at an hourly rate between £125 and £215 per hour plus VAT at 20%, depending on the experience of the fee earner needed to handle the work.. The total costs for administering an average estate usually fall between-£4000 to £10,000 (+VAT at 20%) and 3rd party costs (known as disbursements) of about £395
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.
Alternatively we can charge a fixed percentage of the estate as follows:
We will handle the full process for you. This quote is for estates where:
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. Disbursements included in this fee (where applicable VAT is included at 20%):
Potential additional costs
If there is no will or the estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
If any additional copies of the grant are required, they will cost £1.50 (1 per asset usually).
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 6-12 months. Typically, obtaining the grant of probate takes 6-8 weeks. Collecting assets then follows, which can take 6-12 months. Once this has been done, we can distribute the assets.
What do we do?
For our upfront fee we will (depending on the work you have asked us to do):
Are There Any Additional Charges?
There may be, as not everything is usual or straightforward. The most common extra charges (including VAT) are for unexpected issues such as Inheritance Tax, Care Fee mitigation and the Variation of an Estate. EExample common extras include:
If additional work is required and this will incur further costs, we will discuss with you why it is necessary and what options may be open to you before agreeing a fee for that work or carrying out the additional work.
Who will do my work?
Your work will be carried out by one of our team. Usually the person who provides you with your personalised quote.
They will be your main point of contact and are there for you throughout the transaction. They are supervised by Alex Green who is a Director of this firm and Head of Department.
Our legal advisors include qualified Solicitors, Chartered Legal Executives and Trainee Legal Executives. To find out more about our team members, click here.
As well as Hull, we have offices in both Cottingham and now Welton where we are bringing city centre services to your local community; with easier parking and Welton being just off the A63 what could be easier?