Frederick Rine Solicitors Probate Pricing Information
The work we undertake is usually complex and sensitive. Our clients are diverse and we have an experienced team that are empathetic to the difficulties of collecting and distributing assets of a deceased person.
Due to the bespoke nature of our services, the fees should be deemed as a guide only.
Our fees here relate to probate matters where:
- There is a valid Will
- The assets are in the UK
- There are no disputes between beneficiaries
- There are no claims made against the estate
If there are any changes during the matter that may affect the fees we will inform you immediately and agree a way forward.
The cost of probate work consists of the legal fees for our work and disbursements (costs paid by us to third parties on your behalf).
Our fees are usually calculated at 1.5 per cent of the value the estate plus VAT or where we also act as executor at 2 per cent plus VAT.
For example, if the total value of the estate is £500,000 and we are not acting as the executor, our fee will usually be £7,500 plus VAT and disbursements (charges paid to third parties on your behalf).
VAT is chargeable at 20%.
Disbursements are costs related to your matter that are payable to third parties, such as court fees paid to the Probate Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process, which usually include:
- Probate application;
- Swearing of the oath;
- Fees for bankruptcy searches;
- Post in The London Gazette and in a local newspaper;
- Fees paid to HM Land Registry for copies of the documents of ownership of the property
The time it takes to deal with an estate is normally 6-12 months depending on the complexity of the matter. Typically, obtaining the grant of probate takes 2 to 4 months. Collecting assets then follows, which can take between 2 to 4 months. After this, we can distribute the assets, which normally take a further 2 to 4 months.
During the matter you will be updated on anticipated timescales and if there are factors delaying the process of completing your matter, we will keep you informed at the earliest opportunity, so you are always up to date of when the matter is likely to be completed.
Outline of uncontested probate matter
The precise stages involved in the probate matter will vary according to the circumstances. However, we have set out below the key stages:
- Identify the legally appointed executors or administrators and beneficiaries; to accurately identify the type of probate application you will require;
- Meeting with the executors or administrators to discuss the estate and probate process;
- Obtain the relevant documents required to make the application;
- Calculating the deceased’s estate;
- Complete the probate application and the relevant HMRC forms;
- Draft a legal oath for you to swear;
- Make the application to the Probate Court on your behalf;
- Obtain the Grant of Probate and securely send two copies to you, and
- Collect and distribute all assets in the estate.