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27/04/2018
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PROBATE - OUR CHARGES
 
At Robert Lunn & Lowth we understand the importance of giving clients the best possible information about the likely overall costs of a matter from the outset.  Before undertaking any work, we will meet with you to review the Terms of the will and to discuss the estate.    We will then give you a fee estimate at that stage, which will be a range of the costs which we believe will be incurred when dealing with the estate.

However, some estates require a great deal more work and time than others so costs cannot always be predicted precisely.  Experience has shown that the costs of seemingly comparable estates can vary widely due to unforeseen factors.

As a guide where we deal with full estate administration, our costs will typically start at around £2,000.00 for a very straightforward estate whilst fees for complex estates can exceed £20,000.00.  Once we have been made aware of the work involved, we can give you a more accurate quote (in to which the fees are likely to involve).

If you just want us to obtain the Grant of Representation, called Grant of Probate if there is a will or Grant of Letters of Administration if there is no will, our charges will range from £650.00 to £1,500.00 if the simpler Inheritance Tax form is required i.e. for smaller non-inheritance tax bearing estates, or from £1,500.00 to £2,500.00 if the more complex Inheritance Tax form is required (for larger inheritance tax bearing estates). 

Once we have established the relevant details about your particular matter, and established the service you require from us, we will be able to provide you with a more accurate indication of our likely professional fees.

Factors to be taken into consideration include, but are not limited to, the following:

1.  Complexity of valuing all the assets in the estate
2.  Obtaining details of any outstanding debts owed by the deceased
3.  The number and type of assets due to the estate
4.  Costs of valuing and selling a property (if required)
5.  Complexity of work involved in collecting in all the assets
6.  Obtaining the Grant of Probate and preparing any affidavits (if required)
7.  Completing HM Revenue & Customs Return of Estate Information.  This is required for all estates, where a Grant of Probate or Letters of Administration are required.
8.  Completing an Inheritance Tax Account (if required)
9.  Dealing with an Income Tax return to the date of death (if required)

Terms of the will

It is often impossible to know whether any of these factors will be relevant at the outset of the matter and may only become known once a quote has been provided and some work has been undertaken on your behalf.  As soon as we are aware of any factors that will impact on the level of professional fees and or disbursements payable we will notify you and provide you with an indication of the likely charges.

The current fee for obtaining a Grant of Probate is £155.00 plus £1.50 per court sealed copy provided.