Estate Administration Pricing

What can I expect to pay?

No two estate administrations are the same, and our fees will reflect the particular requirements of each case.

As an example: to deal with the administration of an uncontested estate including a house worth £250,000, and two bank accounts totaling £50,000, with two beneficiaries, our typical fees would be in the region of £2,500 – £3,500 plus VAT and disbursements.

Please note that if you intend to sell a property (house etc.) that is part of an estate, arranging its sale is a separate matter not covered in our fees for the estate administration. We have a specialist team handling property conveyancing.

Disbursements

Disbursements are fees that we pay to court, for example or charges for certain services or documents that may be necessary in the administration of an estate. Disbursements will usually include the following, and there may sometimes be others:

Settling of the Oath                                         £12.00

Probate Court Fee                                          £155.00

Office copies of Grant                                    £1.50 per copy

Statutory Advertisements                              £200.00 (approx., including VAT)

Bankruptcy search (per beneficiary)             £2.00

Electronic identity check                               £5.00 plus VAT per person

What is involved in obtaining a Grant of Representation and how long will it take?

We would normally expect to apply for the Grant of Representation for a straightforward estate within 2-3 months, but this can vary depending on factors that may be outside our control.

We would need to understand your particular circumstances in order to advise you fully, but an estate matter will typically involve the following stages:

1.Quantifying the estate (establishing its total value).

2.Obtaining Grant of Representation:

i.Higher value estate: sending inheritance tax papers and payment to HMRC, and thereafter an application to the Registry.

ii.Simpler estate: sending inheritance tax papers and an application to the Probate Office.

3.Selling or transferring assets (other than ‘real’ property – a house, etc.), and paying any liabilities.

4.Finalising the estate by producing estate accounts and distributing to beneficiaries.

Who will carry out the work?

All of our Probate lawyers are qualified Society of Trust and Estate Practitioners (STEP), or are working towards STEP qualification.

If you would like to discuss your needs in more detail, please contact our Wills, Trust and Probate team on 0161 930 5151, or email: willsteam@gorvins.com