(All prices below are excluding VAT)
Probate fees and charges
We charge 1.5% of the gross value of the Estate.
We anticipate this will take between 5 and 10 hours work at £300.00 per hour. Total costs estimated at £2,500.00 – £5,000.00 (+VAT), excluding disbursements. 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.
Disbursements
Disbursements are 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. This is subject to change.
Probate application fee of – £155.00
Swearing of the oath (per executor) plus £2.00 for each exhibit or schedule referred to – £5.00.
Bankruptcy-only Land Charges Department searches – £2.75 per beneficiary.
Post in The London Gazette - Protects against unexpected claims from unknown creditors – £83.40.
Post in a Local Newspaper - This also helps to protect against unexpected claims – £75.00 – £150.00.
Potential additional costs
If there is no will or the estate consists of any shareholdings (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.
If any additional copies of the grant are required, they will cost £0.50 each.
Dealing with the sale or transfer of any property in the estate is not included.
As part of our process we will:
Provide you with a dedicated and experienced probate solicitor to work on your matter.
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.
Draft a legal oath for you to swear.
Make the application to the Probate Court on your behalf.
Obtain the Probate.
Collect and distribute all assets in the estate.
Markand & Co Solicitors LLP is authorised and Regulated by Solicitors Regulation Authority SRA Number: 572665