Applying for the grant, collecting and distributing the assets
Our fees for probate work are not fixed: our fees are calculated according to:
For out part, before work begins (or as soon as possible thereafter) we will do our very best to provide you with a final professional costs limit figure: a reviewable target figure for the entire job that will not be exceeded without a full explanation and your prior written agreement.
Having reviewed your matter as requested, we anticipate it will take between 5 and 10 hours work to completed chargeable at the fee earner’s hourly rate of £200.00 plus VAT per hour.
Total costs are therefore estimated at between £1,000 and 2,000 (+VAT) (with our costs not exceeding £2,000.00 plus VAT (without your prior written agreement).
The exact cost will therefore depend on the individual circumstances of your matter.
For example, if there is one beneficiary and no property, costs will be lower than if there are multiple beneficiaries, a property and multiple bank accounts.
We will handle the full process for you.
The quote we provide will of course vary depending on whether:
Disbursements not included in this fee are:
Potential additional costs
Dealing with the sale or transfer of any property in the estate is not included within any quote provided by the probate department but a separate quote will be supplied by the residential or commercial conveyancing departments on request.
How long will this take?
We will attempt to provide you with a time estimate based on your matter and our experience of similar matters.
Wherever possible we will aim to give you an estimate of timescales broken down into the various stages of the transaction too:
On average, estates that fall within this range are dealt with within 3-6 months. Typically, obtaining the grant of probate takes 4-6 weeks. Collecting assets then follows, which can take between 6-8 weeks. Once this has been done, we can distribute the assets, which normally takes 4-6 weeks.