CHARGES - PROBATE (Uncontested)
Applying for the Grant, collecting and distributing the assets
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.
We anticipate this could take between 10 and 40 hours work at £225 to £395 per hour plus VAT (hourly rates vary depending on which fee earner handles the matter and the level of expertise required). Total legal charges are estimated at £2,250 to £15,800 plus VAT
We will handle the full process for you. This quote is for estates where:
Disbursements are not included in this fee and are as follows:
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.
In cases where we are appointed as professional executors, either solely or with a client, we also charge a fee based upon the value of the estate in addition to the hourly charges set out above. This is known as the value element, the fee for which is calculated at 0.5% of the gross value of the estate. This additional fee reflects and recognises the increased risk to, and responsibilities placed upon, the firm associated with being appointed as an executor in our own right.
Potential additional costs
How long will this take?
On average, estates that fall within this range are dealt with within 9 to 12 months. Typically, obtaining the Grant of Probate takes 3 to 6 months. Collecting assets then follows, which can take between 3 to 6 months. Liabilities must be settled e.g. the funeral account, any income tax due to the date of death. Once this has been done and all outstanding matters have been resolved, we can distribute the assets, which normally takes 2 to 4 weeks.
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