Grant of Probate Pricing
We can help through this difficult process by obtaining a Grant of Probate on your behalf. We will also undertake the collecting in and distributing of assets, once any debts are paid off.
How much does this service cost?
Total costs estimated to be between £3,000 – £4,200 including VAT, depending on the amount of work involved. In addition to this cost there are various disbursement costs, which are set out below.
The above costs would include the obtaining of a Grant of Probate, dealing with the necessary inheritance tax returns collecting in assets, settling debts and final distribution of the estate.
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:-
- There is a valid Will
- There is no more than one property
- There are no more than 3-4 bank or building society accounts
- There are no other intangible assets
- There are no more than 3-4 beneficiaries
- There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to 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
The work undertaken in the administration of an estate will include:-
- Provide you with a dedicated and experienced probate lawyer to work on your matter and have face to face meetings;
- 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
- Identify the relevant tax reliefs applicable to the estate
- Draft a legal oath or statement of truth for you to swear or sign
- Make the application to the Probate Court on your behalf
- Obtain the Grant of Probate and securely send copies to you
- Collect in assets, settle any debts and distribute the estate
- Provide Estate accounts for approval by the Executors
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.
- 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 up to 12-16 weeks depending upon the complexity of the estate. Collecting assets then follows, which can take between 2-4 weeks. Once this has been done, and debts are settled and we can distribute the assets, which normally takes 2-3 weeks.
Grant Only applications
Sometimes we are only instructed to obtain the Grant of Probate for Executors and the Executors themselves then deal with the administration of the estate. Generally our fixed fee costs to obtain a Grant of Probate will be:
- Grant only – IHT205: between £795 – £1200 plus VAT plus disbursements
- Grant only – IHT400: between £1500 – £2500 plus VAT plus disbursements
The overall supervisor for work undertaken by staff in our Probate Department is Tina Circus.