Probate & Administration Costs
Legal Fees, Costs & Disbursements
There are many ways of costing the probate or administration of an estate such as: -
- A fixed fee based on a percentage of the estate;
- an hourly rate, or;
- a fixed fee up to a certain fee and thereafter an hourly rate.
We will handle the whole process for you.
We anticipate that this will take between eight and ten hours. 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.
This quotation is for estates where there:
- is a valid will:
- is no more than one property;
- are no more than 3 bank or building society accounts;
- are no other intangible assets;
- are up to 3 beneficiaries;
- are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs;
- is no inheritance tax payable and the executors do not need to submit a full account to HMRC;
- are no claims made against the estate.
The likely disbursements (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) the fees are: -
- Probate application fee is currently £155
- £7.00 Swearing of the oath (per executor)
- Bankruptcy only Land Charges search fee £2 per beneficiary
- £150 Advertisement in the London Gazette – this protects against unexpected claims from unknown creditors
- £100 Advertisement in the local newspaper – this also helps protects against unexpected claims.
- £4 per copy death certificate – we would normally need at least 6 copies
Potential additional costs
If there is no will or the estate consists of any share holdings (stocks and bonds) there are likely to be additional costs that could vary significantly depending on the estate and how it is to be dealt with. We can provide a more accurate quotation once we have more information.
If any additional copies of the grant are required, they will cost £0.50p (1 per asset usually).
Dealing with the sale or transfer of any property in the estate is not included – this would be costed separately with more information provided.
How long will it take?
On average, estates that fall within this range are dealt within three to six months. Typically, obtaining the grant of probate takes four to eight weeks. Collecting assets then follows, which can take between five to six weeks. Once this has been done, we can distribute the assets, which normally takes seven to eight weeks.
More than 95% of our fees are fixed fees, however should a conveyance become abortive the time spent on the file would be calculated on an hourly rate.
The hourly rates for the team in the Private Client Department are as follows: -
Partner/Member £250 per hour
Associate Solicitor £225 per hour
Assistant Solicitor £180 per hour
Probate Clerk £100 per hour
Click to meet our Private Client Team
Mr & Mrs H from Solihull
Correspondence was clear with ‘legalise’ and we always received friendly and efficient responses to our telephone enquiries.
Mrs W from Warwick
I would like to thank Cherie for all her hard work on our estate’s behalf. I have felt confident that we were in safe hands with her at the helm throughout this lengthy process and I am most grateful for all you have done