Probate and Administration of Estate

We have a long-established probate and trust practice. Following a death, our legally qualified staff can assist you sympathetically and professionally with all the practical aspects of dealing with an estate at what can be a very difficult time.

We can help with the probate process from registration of the death through to the conclusion of the estate. We can provide sensitive, expert help to alleviate the burden placed on personal representatives and we are highly experienced in acting as executors.

At Parry Law we pride ourselves on providing our clients with clear and transparent details of the costs involved giving you peace of mind and reassurance at a difficult time.

For obtaining a Grant of Probate or Letters of Administration and carrying out the administration of a solvent estate

Historically, the Administration process has taken between 5 and 200 hours of work depending on the complexity and scope of the Estate. Total costs will be fixed dependant on the individual circumstances and value of the estate. Our fees are calculated at 1% of the gross value of any property or land held by the deceased or in which the Deceased holds an interest at the date of death plus our fee for handling all other assets. These include all other assets such as bank accounts, cash, investments and personal belongings, antiquities and so on but excluding property and land. All fees charged are subject to VAT at the current rate. The table below shows our current scale fees:

GROSS VALUE OF ASSETS EXCLUDING LAND & PROPERTY: FEE
Less than £10,000 £1,000
£10,000 to £40,000 £1,500
£40,001 to £100,000 £2,500
£100,001 to £200,000 £3,500
£200,001 to £400,000 £5,500
£400,001 to £600,000 £7,000
£600,001 to £1,000,000 £10,000
£1,000,001 to £1,200,000 £12,000
£1,200,001 to £1,400,000 £14,000
£1,400,001 to £1,600,000 £16,000
£1,600,001 to £1,800,000 £18,000
£1,800,001 to £2,000,000* £20,000

*We are happy to provide an estimate where the assets excluding land and property exceed £2,000,000.

In addition to payment of our fees you will also be required to pay certain out of pocket expenses known as 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.

Disbursements payable in addition to our fee include (others may apply)

  Amount VAT
Probate application fee £155.00 No VAT
Office copies for the grant of probate (per copy) £0.50 No VAT
Bankruptcy searches (per beneficiary) £2 No VAT
Electronic AML Checks (per beneficiary, executor or person instructing) £3.25 £0.65
Statutory Notices placed in London Gazette and Local papers to protect against unexpected claims from unknown creditors (subject to vary dependent on the fees negotiated with the media) £166.66 £33.34
Land Registry Official Copy fees for property details if required £3.00 No VAT

 

We will handle the full process for you. These fees are on the basis that:

  • The estates in England and Wales
  • There are no disputes between beneficiaries on the division of assets. If disputes arise this is likely to lead to an increase in costs
  • There are no claims made against the estate
  • There are no complications

Factors likely to increase the cost of your matter (not included in our fixed price):

  • Dealing with the sale or transfer of any property in the estate is not included.
  • Not having all of the paperwork available, or having missing or incorrect information that needs investigation and correction
  • Third parties not responding to our communications promptly
  • Additional work or advice outside the scope of work.
  • Any contentious work
  • Work required to remove a Caveat from the Probate Registry

As soon as any complications arise we will discuss these with you and agree the fee for the

additional work being carried out in advance of any additional work being undertaken.

Scope of work

As part of our fixed fee 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 Statement of Truth
  • Make the application to the Probate Court on your behalf
  • Obtain the Grant of Representation
  • Collect and distribute all assets in the estate
  • Pay any inheritance tax payable from Estate funds

How long will this take?

On average, estates that fall within this range are dealt with within 6-12 months. Typically, the Grant of Representation would normally be obtained within 3-6 months. Collecting assets then follows, which would normally be completed within 2-8 weeks. Once this process has been completed, we would normally distribute the residuary Estate within 10 months of receiving the Grant of Representation.

 

For obtaining a Grant of Probate only

Historically this has taken between 2-8 hours of work. Total costs will be dependent on the individual circumstances and value of the estate.

Where we are instructed for an application for a Grant of Representation only, and the relevant tax form is Form IHT205, then our fees would be £1,000 plus VAT. In addition, if the clients require the transferable nil rate band as well i.e. Form IHT217 then an additional £200 Plus VAT would be applicable.

Where we are instructed for an application for a Grant of Representation only, and the relevant tax form is Form IHT400 and the relevant schedules, then our fees would be £1,500 plus VAT.

Please see HM Revenue and Customs website for guidance on whether Form IHT205 or Form IHT400 are required.

In addition to payment of our fees you will also be required to pay certain out of pocket expenses known as 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.

Disbursements payable in addition to our fee are:

  Amount VAT
Probate application fee £155.00 No VAT
Office copies for the grant of probate (per copy) £0.50 No VAT
Electronic AML Checks (per executor or person instructing) £3.25 £0.65
Land Registry Official Copy fees for property if required £3.00 No VAT

We will handle the full process for you. These fees are on the basis that:

  • The estates in England and Wales
  • There are no claims made against the estate
  • There are no complications.
  • All the required information is provided by you and we do not have to correspond with any third parties on your behalf.
  • There are no Caveats in place in the Probate Registry

Factors likely to increase the cost of your matter:

  • Dealing with the sale or transfer of any property in the estate is not included.
  • Not having all of the paperwork available, or having missing or incorrect information that needs investigation and correction
  • Third parties not responding to our communications promptly
  • Additional work or advice outside the scope of work.

As soon as any complications arise we will discuss these with you and agree the fee for the

additional work being carried out in advance of any additional work being undertaken.

Scope of work

As part of our fixed fee 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 Grant of Representation application you will require
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a Statement of Truth
  • Make the application to the Probate Court on your behalf
  • Obtain the Grant of Representation

How long will this take?

Typically, obtaining the Grant of Representation would take between 3-6 months based on current response times from HM Revenue and Customs and from the Probate Registry.

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