We can help you begin to navigate the process of administering the estate of someone who has died, by obtaining the Grant of Representation on your behalf. This will enable the personal representatives to administer the assets of the deceased and distribute those to the beneficiaries, either under the Will or, if there was no Will in accordance with the intestacy rules.
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 at no charge to you 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 two months to be in a position to apply for the Grant of Representation. 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 16 and 20 weeks to obtain the Grant of Representation, subject to the Probate Registry’s turnaround times.
Our fixed costs usually range from £1,250 to £9,000 plus VAT, and disbursements – this is dependent on the nature of the estate (type, and number assets) and whether the estate is testate (there is a Will) or intestate (no Will). The main factor in determining the charges will be whether the estate is subject to Inheritance Tax and the exemptions available with regards Inheritance Tax that are to be claimed by the Executors. We have included below the assumptions that the above price range is based on:
Fixed Legal Charges: £1,250 to £9,000
VAT on Fixed Legal Charge: £250 to £1,400
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 based on number of assets to be administered.
The above indication of charges are based on various assumptions which include:
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If you would like to speak to somebody at TWM Solicitors about our services, please contact Caroline Foulger, Partner and Head of Private Client.
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