Probate - Costs
We charge hourly at a rate of £225 - £250 +VAT. We find this the fairest way for clients as you are only charged for work we do rather than upon a fixed fee which may not be proportionate. One letter received and read under this time recording system for example is counted as one 6 minute unit. Time spent preparing a probate application itself is also time recorded based upon how long and complex the individual estate is and so how long the form takes.
Our procedure is based upon the "asset" and "liability" holders' information we are provided by executors (banks etc). We write to all these relevant parties who give us the information we require to complete the probate application and tax forms. This is also recorded upon a running estate account which shows the financial picture of the estate and which the executors have running access to and approval of. Once the grant is received from the Probate Registry then this is sent to all the asset holders as required to release the asset funds and we also liaise with HMRC and the DWP. Liabilities are paid and recorded upon the estate account and then once everything is settled distributions are able to be made.
We provide you with an estimate as soon as we have the initial "asset" and "liability" holders' information. If we approach this estimate due to voluminous correspondence or any other issue we will let you know.
We provide you with an estimate as soon as we have the initial "asset" and "liability" holders' information. If we approach this estimate due to voluminous correspondence or any other issue we will let you know. A rough guide to estate administration costs can include
Estate administration - £225-£250p/h plus VAT with:
If IHT205 - £1,200 (£1,000+VAT)
If IHT400 - £2,400 (£2,000+VAT) plus £120 (£100+VAT) per sch
If intestacy - £600 (£500+VAT)
Deed of Family Arrangement - £600 (£500+VAT)
There are also disbursements which include Death certificates if we register a death - £11 each The Court probate fee - from £159 depending on how many copy grants are required Office copies for property if required - £3 each TT fees for money transfers of required £40+VAT each
If you require a home visit
Home visit (Hunstanton) £50+VAT
Home visit (w/in 15miles of office)
£75+VAT Home visit (15-30 miles of office)
£100+VAT Home visit (+30 miles of office) call for quote
Our conveyancing department can also deal with an estate property sale, charged separately.
We can also be available for an initial consultation on the phone or in the office if you want to discuss any such matters at - 1/2 hour at hourly rate £300 (£250+VAT ) so £150 (£1250+VAT)
For more information please call the office to speak to Rosie or email rosie@sjpsolicitors.co.uk