Wills & Probate Costs

Probate Costs

Whether you require our assistance in fully administering an estate, or just applying for the Grant of Representation or simply need some advice and guidance following the loss of a loved one, our experienced  team will be happy to assist. How we charge for our work is set out below:

  • We don't charge a percentage of the estate.
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  • The basis on which we charge for a non-contested probate matter varies depending on the size of the estate and the complexity of it.
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  • We will provide an estimate as to the likely costs. However, if unexpected matters arise or the estate becomes more complex than first anticipated then this will affect the estimate provided at the outset. You will be notified if it appears likely that the initial estimate is going to be exceeded.
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  • Our charges are assessed on the time spent by the Fee Earner dealing with the estate.
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  • Our charging rates are reviewed in September of each year. If the administration of the estate is still ongoing at the time our charges are reviewed, and if there is any increase in our charging rates you will be notified.

 

The legal costs of administering the estate are taken at the conclusion of the matter. They will be shown as a liability of the estate and will be detailed as such on the estate account, whcih provides a complete financial overview of the estate and its administration. The estate account will always be provided to the personal representatives for their approval before the legal costs are taken and the estate is distributed. Any query concerning our charges should be raised initially with the Fee Earner responsible for the matter and then with the supervising partner, if need be.

Our costs will be made up as follows:

  • Our costs, which is the charge we make for the time spent and the work we do.
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  • Our current charge out rates are £250.00 plus VAT per hour for Partners and £200.00 plus VAT per hour for Probate Executive.
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  • VAT, which is the tax added on to our costs. VAT can also be added on some of the expenses paid during the administration of the estate.
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  • Expenses, which are fees that may have to be paid to others. An example of this would be the court fee paid to the Probate Registry for obtaining the Grant of Probate/ Grant of Letters of Administration.
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  • Although it is difficult to give an comprehensive estimate because the administration of estates can involve differing levels of time and complexity, and therefore our charges can vary from £500.00 plus VAT to £10,000.00 plus VAT. in our experience our charges do not exceed 2.5% of the value of the estate and if our charges are likely to exceed this we will let you know. 

 

On receipt of your instructions we will be able to provide a more detailed estimate before we commence work.