Probate Fees - Larcomes : Larcomes

Big enough to specialise, small enough to care.

Probate Fees

Fixed Fee Probate £700 plus VAT and disbursements – No Inheritance Tax payable – Completion of IHT205

We can help you through this difficult process by obtaining the Grant of Representation on behalf of the Executors/Administrators of the Estate.

This includes:-
(1) Initial advice to the Personal Representatives on the effect of the Will/Intestacy, their responsibilities and potential liabilities in administering the estate.
(2) Receiving details form the Personal Representatives regarding the assets and liabilities in the estate
(3) Preparing the papers to apply for the Grant of Probate, including an Inheritance Tax return (Form IHT205)
(4) Providing the Personal Representatives with the Grant to enable them to administer and gather in the estate

Legal Fees – £700.00
VAT on Legal Fees – £140.00

Timescales
On average estates that fall within this range are dealt with in 4-6 weeks.

 

Fixed Fee Probate £1,000.00 plus VAT and disbursements – No Inheritance Tax payable – Completion of IHT400

We can help you through this difficult process by obtaining the Grant of Representation on behalf of the Executors/Administrators of the Estate.

This includes:-
(1) Initial advice to the Personal Representatives on the effect of the Will/Intestacy, their responsibilities and potential liabilities in administering the estate.
(2) Receiving details form the Personal Representatives regarding the assets and liabilities in the estate
(3) Preparing the papers to apply for the Grant of Probate, including an Inheritance Tax return (Form IHT400)
(4) Providing the Personal Representatives with the Grant to enable them to administer and gather in the estate

Legal Fees – £1,000.00
VAT on Legal Fees – £200.00

Timescales
On average estates that fall within this range are dealt with in 8-10 weeks.

Mandatory Disbursements:-
Court fee for Grant – £155.00
Fee for copies of the Grant – £0.50 per copy
Swear Fee – £5.00 per Personal Representative plus £2 for each additional exhibit (i.e. Will/Codicil)

Optional Disbursements:-
Bankruptcy search – £2.00 per name
Office copy entries for Land Registry – £3.00 per search
Section 27 Notice in London Gazette and Portsmouth News – £260.00
Certainty search of National Wills Database – charged in accordance with their terms
TraceinLine for search or any missing beneficiaries – charged in accordance with their terms

Disbursements are costs related to your matter which are payable to third parties, such as Court fees. We handle the payment of these disbursements and they will appear on your final invoice for settlement.

 

Full Administration of Estate –  Applying for the Grant of Probate, collecting and distributing the assets – no Inheritance Tax Payable

We anticipate that this will take in the region of 5-20 hours work and our hourly rates range from £161-£195 per hour depending on the level of fee earner instructed in your matter. Our costs estimate is therefore in the region of £1,000.00-£3,000.00.

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 and other investments, costs will be at the higher end.

Any additional work will be charged on a time spent basis and will be calculated in accordance with the work involved.

 

Full Administration of Estate –  Applying for the Grant of Probate, collecting and distributing the assets –Inheritance Tax Payable

We anticipate that this will take in the region of 10-25 hours work and our hourly rates range from £161-£195 per hour depending on the level of fee earner instructed in your matter. Our costs estimate is therefore in the region of £2,000.00-£5,000.00.

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 and other investments, costs will be at the higher end.

Any additional work will be charged on a time spent basis and will be calculated in accordance with the work involved.

 

Potential Additional Costs

(1) If the estate involves multiple shareholdings it may be necessary to instruct a Stockbroker to deal with the sale of the shares depending on the nature of the shares.

(2) Dealing with the sale or transfer of any property in the estate is not included and will be charged according to our conveyancing price list.

(3) Preparation of a Tax Return

* If Larcomes LLP are appointed as Executors this increases the amount of work involved as we would be dealing with all aspects of the estate and any charges in this regard will be advised during a first meeting.

 

Your Lawyers

Julian Mark Quartermain
Solicitor and Partner of Larcomes LLP with 34 years post qualified experience dealing with all levels of administration of estates and providing supervision to fee earners within the Private Client department.
Hourly charge out rate: £195.00 per hour

Lisa Jane Moore
Solicitor and Partner of Larcomes LLP with 14 years post qualified experience dealing with all levels of administration of estates and providing supervision to fee earners within the Private Client department.
Hourly charge out rate: £195.00 per hour

Chloe Sara Evans
Chartered Legal Executive with 4 years post qualified experience dealing with administration of estates.
Hourly charge out rate: £161.00 per hour

Charlotte Cooper
Solicitor with 2 years post qualified experience dealing with administration of estates.
Hourly charge out rate: £161.00 per hour