Probate Costs Guide

If you would like Aston Bond to obtain the Grant of Probate or Letters of Administration only (with no assistance in the administration of the Estate) using the IHT205 our fees are fixed at £1,750.00 plus VAT and disbursements.

If you would like Aston Bond to obtain the Grant of Probate or Letters of Administration only (with no assistance in the administration of the Estate) using the IHT400 our fixed fees start at £2,500.00 plus VAT and disbursements. The fees may increase depending on the complexity of the Estate, for example, if taper relief on lifetime gifts applies or double grossing up calculations are required a fixed fee will be agreed between you and your solicitor at the outset.

If you would like Aston Bond to obtain the Grant of Probate or Letters of Administration and deal with the Administration of the Estate (either in part or wholly) then the hourly rate of the solicitor dealing with your matter will apply. Our hourly rates are as follows:-

  • Partners and Consultants – £285.00 +VAT
  • Head of Wills & Probate (Solicitor) – £250.00 +VAT
  • Assistant Solicitors/Legal executives – £185.00 – £250.00 +VAT
  • Paralegals/Legal assistants –  £150.00 +VAT                                   
  • Trainee Solicitors – £150.00 +VAT

We estimate that a straightforward Estate takes between 15 and 20 hours work but this estimate will increase if the Estate is more complicated. Examples of what might make an Estate more complicated include, but are not limited to, the following:-

  1.  Unlisted stocks and shares that require bespoke valuations;
  2. Family disputes or claims against the Estate;
  3. Unusual or foreign assets;
  4. Disagreements between Executors or Personal Representatives; and
  5. Insolvent Estates.

We often deal with complex Estates that require specialist skill and knowledge in relation to complex assets, Trust arrangements and/or tax issues. With these complex matters, we reserve the right to charge a value element to account for the enhanced expertise required to understand, correctly report to HMRC, advise beneficiaries and defend any calculations and positions to the HMRC:-

  1. Taper Relief on Potentially Exempt Transfers;
  2. Single Grossing Up calculations;
  3. Double Grossing Up calculations;
  4. Unlisted stocks or shares;
  5. Business Property Relief;
  6. Agricultural Property Relief;
  7. Settled Property & Lifetime Settlements;
  8. The Deceased was a beneficiary of a Trust;
  9. National Heritage Trust Assets;
  10. Partially or fully secret Trusts; and
  11.  Trust which are chargeable to Inheritance Tax.

Our value element is calculated in line with Article 3 of the Solicitors’ (Non-Contentious Business) Remuneration Order 2009 and the key principles established in Jemma Trust v Liptrott [2003] EWCA Civ 1476

As the Executor(s) or Personal Representative(s), you will be legally responsible for the payment of our fees, however, we accept that the Estate will be primarily responsible.  If for any reason payment cannot be made from the estate we will look to you for payment. Please note that provided you act reasonably as the Executor(s) or Personal Representative(s) then there should be no reason for you to incur costs personally.

Where we are instructed to obtain the Grant of Probate or Letters of Administration and deal with the Administration of the Estate (either in part or wholly), we aim to raise invoices on a regular basis to keep you apprised of ongoing costs; the first invoice is raised once the Grant of Probate or Letters of Administration is received from the Court, with further invoices being raised around every three months for the duration of the administration period thereafter. Provided we are in receipt of estate funds on account, our invoices will be deducted from those monies held on account. In some cases, it might not be appropriate to raise invoices as regularly as this, for example where estate funds are tied up in property which has yet to be sold, and in those circumstances, alternative arrangements can be agreed between us.  

We also estimate that the following disbursements (which may change) will be payable in addition to our fees:

  1. Swear fees of £5.00 to swear the Oath plus £2.00 for the exhibit (i.e. the Will);
  2. Court fees for probate of £155.00 plus £1.50p per copy of the Grant required; and
  3. Land Registry office copies fee £3.00 per property.

Our value element is calculated in line with Article 3 of the Solicitors’ (Non-Contentious Business) Remuneration Order 2009 and the key principles established in Jemma Trust v Liptrott [2003] EWCA Civ 1476.

If you’d like to discuss a probate matter further then please submit your details in the form below and we’ll get in touch with you as soon as possible.

1 Step 1
Get In contact with us.
Nameyour full name
Numberadd your phone number if you'd like us to ring you
How can we help you?Tell us your enquiry and we'll get in contact with you.
0 /
Previous
Next
FormCraft - WordPress form builder