Fees Guide Estate Administration

As a guide, our fees will be calculated as a percentage of the gross value of the estate for Inheritance Tax (IHT) purposes, subject to a cap of 3% of that value and a minimum fee of £1200.

VAT at 20% is payable on our fees.

All work will be carried out by or under the supervision of an experienced solicitor.

Estate Size Fees as a percentage of gross value of the estate for IHT purpose

  • First £50K: 3%
  • Next £150K (up to £200K): 2%
  • Next £125K (up to £325K): 1.75%
  • Next £175K (up to £500K): 1.5%
  • Next £500 (up to £1m): 0.75%
  • Over a £1m: 0.5%

Estate Administration:

Fees Guide Our fees for the administration of an estate are calculated on the basis that:

  • The Deceased died domiciled in England and Wales
  • There is a valid Will and we are instructed by or on behalf of all executors appointed in the Will or there is valid Will and we are instructed by or on behalf of everyone entitled to apply for the Grant of Letters of Administration with Will Annexed or there is an intestacy and we are instructed by or on behalf of everyone entitled to apply for Letters of Administration
  • We are provided with an original death certificate and acceptable documentary evidence of identity of all Grant applicants
  • There is no more than one property
  • We are not required to visit the property
  • We are not required to act in the sale or transfer of the property
  • There are no overseas assets
  • There are no more than 8 bank or building society accounts
  • There are no other intangible assets
  • There are nor more than 8 beneficiaries
  • We are not required to advise on income tax or capital gains tax issues
  • There are no disputes between the beneficiaries for example as to the validity of the Will or the division of assets
  • No variations are required to the Will or intestacy
  • There are no claims made against the estate

Should we be required to undertake any additional work, this will be charged on a time basis according to the hourly rate of the fee earner. For details of the hourly rates of our private client team, please see below.

Estate Administration: Disbursements

The following are the usual expenses arising in the administration of an estate:

  • Probate application fee: Currently £155 plus 50p per office copy grant
  • From April 2019:
On an application for a grant or resealing of a grant where the assessed value of the estate: Fee payable
exceeds £50,000 but does not exceed £300,000 £250
exceeds £300,000 but does not exceed £500,000 £750
exceeds £500,000 but does not exceed £1m £2,500
exceeds £1m but does not exceed £1.6m £4000
exceeds £1.6m but does not exceed £2m £5000
exceeds £2m £6000
  • Swearing of the oath: (£5 per executor plus £1 per exhibit). From 27th November 2018 oaths have been replaced with statements of truth with no swear fees but there is an interim period where either will be acceptable.
  • Land Registry search of property title (£3 per property)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • Statutory adverts for creditors in London Gazette and local paper (in the region of £250 per estate)
  • Search of Wills registers (in the region of £120 plus VAT)
  • Lost assets search (in the region of £200)

Timescale

As a guide, we would usually expect to be in obtain a Grant of Representation within six months and to distribute the estate within a year of the Grant being issued.

Grant Only instructions: Fees Guide

Should you wish to carry out the estate administration work and to instruct us only to obtain the Grant of Representation for you, as a guide our fees will be calculated as follows:

  1. Obtain a Grant of Probate: £750
  2. Obtaining Grant of Letters of Administration with Will Annexed: £800
  3. Obtaining Grant of Letters of Administration: £900

These fees and our time estimates are calculated on the basis that:

  • You provide us with the valid Will of the Deceased
  • You provide us with an original death certificate of the Deceased and satisfactory evidence of your own identity
  • We are instructed by or on behalf of all executors entitled to take out a Grant of Probate or by or on behalf of everyone entitled to apply for a Grant of Letters of Administration with Will Annexed or by or on behalf of everyone entitled to apply for a Grant of Letters of Administration
  • We are provided with and do not have to prepare a schedule of estate assets and liabilities including all lifetime gifts made by the Deceased in the 7 years preceding their death
  • The gross value of the estate assets, including the gross value of the declarable lifetime gifts does not exceed £325,000
  • There are no assets overseas
  • There is no dispute regarding the estate

Disbursements Grant Only Instructions:

  • Probate application fee: Currently £155 plus 50p per office copy grant
  • From April 2019:
On an application for a grant or resealing of a grant where the assessed value of the estate: Fee payable
exceeds £50,000 but does not exceed £300,000 £250
exceeds £300,000 but does not exceed £500,000 £750
exceeds £500,000 but does not exceed £1m £2,500
exceeds £1m but does not exceed £1.6m £4000
exceeds £1.6m but does not exceed £2m £5000
exceeds £2m £6000
  • Swearing of the oath: (£5 per executor plus £1 per exhibit). From 27th November 2018 oaths have been replaced with statements of truth with no swear fees but there is an interim period where either will be acceptable.

Timescale Guide

We would aim to make an application to the Probate Registry within two to four weeks of being instructed.

Guide to Hourly Rates for Additional Work

All additional work will be carried out by or under the supervision of an experienced solicitor and charged on a time basis at the following hourly rates which vary according to the geographical location of the lawyers and are subject to VAT at 20%:

  • Director/Consultant: £200-250
  • Senior Associate: £195
  • Associate: £180
  • Solicitor: £150
  • CILEX member dependent on grade and experience: £100-£200

Where we have previously been instructed by a Financial Deputy in relation to a person’s property and financial affairs, we will negotiate rates for estate administration in the event we are instructed by the executors or administrators. This will take into account our existing knowledge of the deceased’s estate.

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