The cost of this depends on whether Inheritance Tax is payable (we will know this after our initial meeting).
The below costs cover preparing information for, completion and submission of the HMRC forms as well as the legal statement.
If IHT is payable, our fees will be between £2,250 and £3,500
If IHT is not payable, our fees will be between £995 and £2,500
These costs are based on you supplying all of the following at our initial meeting. We can help to gather as much or little as you like of the below and can discuss costs of this with you if needed at our meeting.
- death certificate
- divorce certificates (if applicable)
- original will
- NI number
- bank accounts
- savings accounts
- personal belongings
- stocks and shares
- property valuations
- tax records
- pension details
- loans
- debts and mortgages
- details of the executors, their ID, proof of address
- details of the funeral and costs
Extra expenses?
- 1. Probate Application Fee – £273 – includes one copy of the Grant of Probate (additional copies £1.50 each)
- 2. Bankruptcy searches – £5 per search plus VAT
- 3. Land Registry Search – £3 per search (no VAT)
- 4. Estatesearch Standard (includes comprehensive asset and liability search) £155 plus VAT
- 5. Estatesearch Premium (Standard as well as personal search for LPA’s/EPAs, Companies House search, and Experian Unclaimed Assets Search) £185 plus VAT
- 6. Trustee Statutory Notices – between £250 – £350 including VAT, depending on which newspapers the Notices are placed. It is normal for the Notices to be placed in The London Gazette and a paper local to the deceased. Quotes can be obtained prior to insertion.
What services can we offer after probate has been granted??
Based on our hourly rate, we can assist with any of the following:
- Advising on Trusts
- Advising on Deeds of Variation
- Cashing in or transferring assets
- Payment of liabilities
- Payment of specific pecuniary legacies (if any)
- Offering advice on wealth management and investment for beneficiaries
- Preparation of estate accounts
- Calculating corrections to the inheritance tax liability and any related work
- Distribution of the residuary estate
Hourly rates for a Director – £250
Hourly rates for a Senior Manager – £150
