We can help you navigate the process of administering the estate of someone who has died and deal with the estate administration on your behalf. At an initial meeting (free of charge) we advise on the administration process and outline the duties and powers of personal representatives.
Wherever possible we charge for this service on a fixed charge basis, which we agree with you at the outset prior to starting work on your behalf. These fixed charges will be provided to you following an initial meeting once we have gathered from you all the information we consider relevant to being able to provide an agreed fixed charge. These fixed charges are paid from the estate as a cost of the administration and as such are normally a cost borne by the residuary beneficiaries of the estate.
As part of our fixed charges we will:
On average, for estates with assets of less than £325,000 it will take 4-8 months to deal with the administration. In relation to estates that exceed this value and require a full Inheritance Tax Return and payment of Inheritance prior to the Grant of Representation being issued, it will often take between 6-24 months to deal with the administration. We would though stress that this is a guide only and is dependent on the number and extent of the assets involved and whether the estate is taxable.
Our fixed costs usually range from £4,500 to £36,000 plus VAT and disbursements. The level of the fixed fee is dependent on the nature and extent of the estate and whether or not there is a Will. One of the main factors in determining the charges will be whether the estate is subject to Inheritance Tax and the exemptions available with regards Inheritance Tax that can be claimed by the Executors. We have included below the assumptions that the above price range is based on:
Fixed Legal Charges: £4,500 to £36,000
VAT on Fixed Legal Charges @ 20%: £600 to £7,200
Disbursements are costs related to your matter that are payable to third parties, such as Court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Probate Court fee: £155
Additional copies of the Grant £1.50 each: the number of copies needed will be based on number of assets to be administered.
The above indication of charges are based on various assumptions which include:
If you would like to speak to somebody at TWM Solicitors about our probate services, please contact Caroline Foulger, Partner and Head of Private Client.
In order for us to direct your enquiry to the right person at TWM Solicitors, we need to know a little more about you and what are you looking for.
Please complete the boxes below and we will forward on directly to the most appropriate person.
Thank you for contacting TWM Solicitors, your completed form has been sent successfully. If this is an enquiry we are able to assist with, one of our team will be in contact with you as soon as possible. Please note, this may not be until the next working day, and during business hours. If you require urgent assistance, please call: 0330 555 0440.