Deceased has left a Will in a table estate

Type of Application: Administration of an Estate with a Will in a Taxable Estate

Costs: Our average fee is between £9,000  plus VAT and £22,000 plus VAT at 20%, depending on the size of the estate.

Who Will Carry Out the Work?

Director & Associate Solicitor assisted by Assistant Solicitor & Paralegal

All work is supervised by a Director, who retains ultimate responsibility and conduct of matter.

Our fees

Our fees are calculate based on the time spent on the on your matter. Less complex matter will normally involve less time and the lowers scale, while the more complex cross-border estates or matters subject to inheritance tax require more time. For estates that are straightforward and non-contentious, with the deceased domiciled in the UK and all assets in England and Wales, our estimate for our fees is:

• Estate value up to £5,000 – £1,500 + VAT
• Estate value £5,000 – £1m (no IHT) – £8,000 – £16,000 + VAT
• Estate value over £1m (no IHT) – £12,000 – £18,000 + VAT
• Estate subject to Inheritance Tax – £16,000 – £22,000 + VAT

Average Time:

This type of work typically requires around 38 hours.

The exact number of hours depends on various factors, such as:

• The amount of supporting evidence needed
• Failure to cooperate with advice
• Hidden assets not being declared
• Disagreements between executors regarding the tax bill
• Unforeseen complexities

Costs are likely to be at the lower end if the case is straightforward, dealing with a taxable estate where the deceased left a will

All work performed by a Paralegal is supervised by a Director, who retains ultimate responsibility for the conduct of the matter.

      What we included in our Services:

• Initial consultation to assess options and determine the most appropriate course of action
• Identifying and valuing assets
• Notifying all organizations with which the deceased had assets
• Assisting in arranging for the property to be placed on the market
• Completing the IHT 400 form and supplemental documentation
• Satisfying the IHT bill by arranging with the executors either for installment payments or for a lump sum payment from the deceased’s assets
• Obtaining the grant of probate
• Preparing the oath and submitting the probate application
• Preparing a final estate account
• Distributing the assets

     Additional Disbursement:

• Court fees (e.g., probate court fee, fees for additional copies of the grant of probate). Find updated list of court fees.
• Other expenses such as the swearing of oath fee (£5.00 per executor, plus an additional £2.50 per executor if the will is annexed)
• London Gazette advertisement to protect against creditors (£185 plus VAT approximetly.)

We will inform you at the earliest opportunity and before any such fees are incurred if any of these additional costs apply.

Timescale:

• Estates in this range typically take between 3 and 18 months to process from initial instructions.
• Obtaining the grant of probate usually takes 6-25 weeks from initial instructions.
• Collecting assets follows, taking 6-15 weeks from obtaining the grant of probate.
• Distribution of assets typically takes 2-4 weeks after asset collection.

         Please note that the estimated hours and fees are based on the information provided. All applications may vary, and we can offer a more       accurate estimate once we have more details  about your specific case.