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Probate Costs

Probate Costs

All staff dealing with probate are either Solicitors or Legal Executives fully qualified to do deal with Probate and supervised by a Partner.

We offer two types of service in connection with Probate matters. A fixed fee service acting for the Executor which covers work up to the point of receiving the Grant of Probate and a full application service, which covers all aspects of administering an estate.

Our fixed fee service covers the following:-

  • Check the contents and validity of the Will
  • Accurately identify the type of Probate application you will require
  • Collecting in details as to all assets and liabilities and obtaining the relevant documentary evidence
  • Complete the Probate Application and the relevant HMRC forms
  • Prepare a statement for signature by the Executor(s)
  • Make the application to the Probate Court on your behalf and discharge Probate fees
  • Obtain the Probate and forward to you the same. You will then be responsible to pay all debts and liabilities and distribute any gifts and legacies in accordance with the terms of the Will, thereafter deal with the residue of the estate.

Our fixed legal costs in connection with the above service are:-

For completion and submission of an IHT205 – £1,000 plus VAT

For completion and submission of an IHT400 and supplemental forms – £1,500 plus VAT

Known disbursements:

  • Office copy entry fee to determine title to a property (if any) £3 plus VAT (per residential property)
  • Please contact us for up to date information as to the Probate fee required.

The above fixed costs are based on the following presumption:-

  • There is a valid Will
  • There is no dispute as to the validity of the Will or any other claim against the estate
  • There are no more than 5 bank or building society accounts or national savings & investments.
  • There are no shareholdings

Sackvilles are also able to assist Executors, or if there is no Will, the administrators, in obtaining a grant and in administering the whole estate until finalisation. Costs will be based on actual time spent on the file and the following is only an estimate of costs.

Our work will likely consist of the following:-

  • Check the contents and validity of the Will
  • Accurately identify the type of Probate application you will require
  • Collect in details as to all assets and liabilities and obtain the relevant documentary evidence
  • Complete the Probate Application and the relevant HMRC forms and schedules
  • Prepare a statement for signature by the Executor(s)
  • Where applicable submit papers to HMRC and discharge initial inheritance tax liability
  • Submit the application to the Probate Court on your behalf and discharge the probate fees
  • Receive the Grant of Probate and register the same with various companies.
  • Contact named Beneficiaries and advise them as to our involvement and their interest under the Will
  • Complete and submit closing forms for relevant banks and building society companies effecting encashment of all other assets and sale or transfer of shareholdings.
  • Receive funds on behalf of the estate
  • Discharge all debts and liabilities
  • Pay any gifts and specific legacies
  • Prepare detailed estate accounts for perusal and approval by the Executors or Administrators
  • Ensure all matters are completed
  • Distribute the residuary estate in accordance with the terms of the Will

A typical estate takes around 9 – 12 months to complete. Our estimated charges are as follows:-

For an administration requiring completion and submission of an IHT205 – estimated between £2,500 – £4,000 plus VAT

For an administration requiring completion and submission of an IHT400 and supplemental forms – estimated between £3,000 – £5,000 plus VAT

Please contact our Private Client team for a more detailed estimate of costs based on your circumstances. The above estimate is based on the following scenario:-

  • There is a valid Will or the beneficiaries where there is no Will are clearly identified
  • There is no more than one property
  • There are no more than 5 bank or building society accounts or other investments
  • There are no shareholdings
  • There are no other accounts or holdings
  • There are up to 4 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There are no claims made against the estate

Disbursements will also be payable and are in addition to legal costs. An example of likely disbursements are:-

  • Probate application fee – please contact us for up to date information
  • Bankruptcy-only Land Charges Department searches (£2 plus VAT per beneficiary)
  • Advertisement in The London Gazette to protect against unexpected claims from unknown creditors. The price will be given to us on application to the Paper
  • Advert in a Local Newspaper – This also helps to protect against unexpected claims and again the paper will set the cost.

Potential additional costs

  • If there is no will or the estate consists of more accounts or shareholdings there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate estimate once we have full details of the assets and liabilities
  • If any additional copies of the grant are required, they will cost 50p per copy (1 per asset usually).
  • Costs dealing with the sale or transfer of any property in the estate is not included.

If Sackvilles are the appointed Executors under a valid Will, the costs will likely be in the region as detailed above. We do not charge extra for acting as Executors in administering the estate.