Probate Costs (Time-Costs element)

Probate costs

The exact cost of dealing with any probate matter is dependent on a number of factors. For example, whether or not there is a Will, the number of beneficiaries/monetary bequests, the number and type of assets held by the deceased, whether any reliefs can be claimed and whether the estate is taxable. If these factors apply there may be additional work which may increase our charges.

We set out below our range of fees. VAT, where applicable, is charged at the standard rate of 20%.

Non taxable estate – Gross value below the current Inheritance Tax Nil Rate Band of £325,000

To obtain the Grant for Estates within the following Asset ranges:

• Up to 5 Assets in the Estate £1,300 – £1,700 plus £260-£340 VAT (Totalling £1,560 – £2,040 inc. VAT at 20%)
• Up to 10 Assets in the Estate £1,500 – £2,000 plus £300-£400 VAT (Totalling £1,800 – £2,400 inc. VAT at 20%)

To collect in, administer and distribute the Estate within the following Asset ranges:

• Up to 5 Assets in the Estate £1,300 – £1,700 plus £260-£340 VAT (Totalling £1,560 – £2,040 inc. VAT at 20%)
• Up to 10 Assets in the Estate £1,600 – £2,000 plus £320-£400 VAT (Totalling £1,920 – £2,400 inc. VAT at 20%)

Non taxable estate – As a result of available reliefs and/or exemptions (excepted estate)

To obtain the Grant for Estates within the following Asset ranges:

• Up to 5 Assets in the Estate£1,500 – £2,000 plus £300-£400 VAT (Totalling £1,800 – £2,400 inc. VAT at 20%)
• Up to 10 Assets in the Estate £1,900-£2,400 plus £380-£480 VAT (Totalling £2,280 – £2,880 inc. VAT at 20%)
• 11 Assets plus -£2,400 – £6,000 plus £480-£1,200 VAT (Totalling £2,880- £7,200 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate. To collect in, administer and distribute the Estate within the following Asset ranges:
• Up to 5 Assets in the Estate £1,500 – £2,000 plus £300-£400 VAT (Totalling £1,800 – £2,400 inc. VAT at 20%)
• Up to 10 Assets in the Estate £1,900-£2,400 plus £380-£480 VAT (Totalling £2,280 – £2,880 inc. VAT at 20%)
• 11 Assets plus – £2,400 – £6,000 plus £480-£1,200 VAT (Totalling £2,880- £7,200 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate

Non taxable estate – As a result of available reliefs and/or exemptions and long form return (IHT400) to the Revenue is required

To obtain the Grant for Estates within the following Asset ranges:

• Up to 5 Assets in the Estate £3,000 – £3,500 plus £600-£700 VAT (Totalling £3,600-£4,200 inc. VAT at 20%)
• Up to 10 Assets in the Estate £3,500 – £5,000 plus £700-£1,000 VAT (Totalling £4,200-£6,000 inc. VAT at 20%)
• 11 Assets plus – £5,000 – £10,000 plus £1,000-£2,000 VAT (Totalling £6,000 – £12,000 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate.

To collect in, administer and distribute the Estate within the following Asset ranges:

• Up to 5 Assets in the Estate £1,900-£2,600 plus £380-£520 VAT (Totalling £2,280-£3,120 inc. VAT at 20%)
• Up to 10 Assets in the Estate £2,600-£3,300 plus £520-£660 VAT (Totalling £3,120-£3,960 inc. VAT at 20%)
• 11 Assets plus -£3,300-£10,000 plus £660-£2,000 VAT (Totalling £3,960 – £12,000 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate)

Taxable estate – Long form return (IHT400) to the Revenue is required

To obtain the Grant for Estates within the following Asset ranges:

• Up to 5 Assets in the Estate £3,000-£4,000 plus £600-£800 VAT (Totalling £3,600-£4,800 inc. VAT at 20%)
• Up to 10 Assets in the Estate £4,000-£5,000 plus £800-£1,000 VAT (Totalling £4,800-£6,000 inc. VAT at 20%)
• 11 Assets plus -£5,000 – £10,000 plus £1,000-£2,000 VAT (Totalling £6,000 – £12,000 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate)

To collect in, administer and distribute the Estate within the following Asset ranges:

• Up to 5 Assets in the Estate £3,000-£4,000 plus £600-£800 VAT (Totalling £3,600-£4,800 inc. VAT at 20%)
• Up to 10 Assets in the Estate £3,500-£4,500 plus £700-£900 VAT (Totalling £4,200-£5,400 inc. VAT at 20%)
• 11 Assets plus -£4,500-£10,000 plus £900-£2,000 VAT (Totalling £5,400 – £12,000 inc. VAT at 20%) depending on complexity – please contact us for a bespoke estimate)

Please note that a Value element may be charged in addition to the above fees, for more information, please click here.

Disbursements

In both a non-taxable and a taxable estate there will in addition be disbursements to be paid.  Disbursements are costs related to your matter that are payable to third parties, and will in all cases include commissioner’s fees and court fees.

Probate Court fees: currently £300.00 for the Grant plus £1.50 for each sealed copy requested at the time of application.

There may also be, for example:

Bankruptcy search fees: £2.00 per name.

Trustee Act Notices in the London Gazette and a local newspaper: Approximately £210.00.

If the estate consists of property and/or shares there may be valuation fees and disposal or transfer fees.

This is not however an exhaustive list.