Our Probate fees
When dealing with an estate, there are a variety of administration costs that will need to be met over and above the payment of any funeral and wake costs. These are payments due to third parties and are known as disbursements and include:-
- Probate Court fees – currently £155 plus 50p per office copy of the Grant of Representation;
- Swear fees - £5 per acting Personal Representative and £2 for each exhibit they prove i.e. a Will; and
- Legal fees – these will be incurred should you instruct a professional to undertake work on your behalf.
The specialist Probate department at Blanchards Bailey can assist you with estate administration in a variety of ways. It is important to note that each estate is unique, and the team will be able to tailor their involvement to meet your needs. Depending on your wishes, this may be a full estate administration or just certain aspects of it.
Blanchards Bailey’s costs in this regard are primarily based upon the nature and complexity of an estate. If instructed to deal with a full administration which includes; obtaining details of the estate, the work necessary to obtain the Grant of Representation, collection of assets, settling of all taxes and obtaining HMRC clearance as necessary, paying liabilities, preparing Estate Accounts for approval and distributing the estate in accordance with any Will or the Intestacy Rules, the legal costs usually fall between 1.5% and 3% of the gross value of the estate plus VAT.
In some cases, the above fee structure is not appropriate, and charges can be raised purely on a time spent basis. However, fees will be fully discussed before any work is undertaken.
Alternatively, Blanchards Bailey can simply obtain the Grant of Representation on your behalf (the Court’s authority to the Personal Representatives to administer the estate) and these charges range from £700 to £900 plus VAT for simpler estates and £1,200 to £1,500 plus VAT for more complicated estates that require a full Inheritance Tax Return to be submitted to HMRC. The Grant of Representation is then used by the Personal Representatives to administer the estate.
If you would like to discuss matters further, please contact us on 01258 459361 and ask to speak to a member of the Probate team.