We understand how difficult and emotional it is to deal with the paperwork after losing a loved one and that probate laws can be confusing and bewildering.
We have a really friendly team of highly experienced probate specialists that can help guide you through the probate process. The amount of work involved can depend on multiple factors including the size of the estate so we have created a handy calculator to give you an indication of what our fees might be.
Here are some examples of matters with estimates of costs that take into account the following factors:
This is an example of an Estate valued at £120,000
Mr Perkins left a Will appointing Mr Godfree as his sole executor and beneficiary.
He did not own a property. He had 3 bank, and 3 shareholding accounts. He received 2 private pensions, and state benefits.
Mr Perkins died during the pandemic and it took 8 months to complete the administration of the estate.
Working to a fixed fee the charges were just under £10,000 plus VAT.
This is an example of an Estate valued at £460,000
Mr Baxter had no Will. His estate was divided between his 3 siblings.
He owned one property which had to be cleared and sold. He also had 3 bank accounts, some shares, premium bond and had a private and a state pension.
Mr Baxter died during the pandemic, and it took nearly 2 years to complete the administration of the estate.
Working to a fixed fee the charges were just over £10,000 plus VAT.
This is an example of an Estate valued at £1,400,000
Mrs Mayo died before her husband. Her Will appointed her husband and son as Executors.
She owned one property and a bank account with her husband. She also had nine bank accounts and money in national savings, and was owed a tax refund.
She left 5 cash, and 2 specific legacies and the balance of her estate to her husband, and son. Mrs Mayo died during the pandemic and it took a little over a year to complete the administration of the estate.
Working to a fixed fee the charges were £12,500 plus VAT.
This is an example of a complex estate valued at £2,300,000
Mrs Wynne died in 2019. Her will appointed the partners at Mayo Wynne Baxter as her Executors. She left 10 legacies and divide her estate between 9 charities.
Mrs Wynne owned 4 properties, 5 bank accounts, a business that needed to be wound up, and received a state pension and attendance allowance. It took 2 1/5 years to complete the administration of the estate.
The fees charged in this matter were £40,000 plus VAT.
We know some people find all the forms for probate quite daunting.
We would be happy to help complete these for you, based on the information provided by you and we can offer a fixed fee charge.
Where the estate is taxable or complex and form IHT400 is needed, our fees are £2,250 plus VAT for the form, 3 schedules and the probate application.
Additional schedules (unless dealing with gifts or domicile) are charged at £50 Plus VAT per schedule and there is an additional cost of £250 plus VAT if you wish us to arrange payment of the initial tranche of Inheritance Tax due.
Schedules dealing with gifts and/or domicile will be charged at the hourly rate of the relevant adviser.
Where form IHT205 for non-taxable estates is needed or where we can dispense with a form entirely, our fees are £1,250 plus VAT., and where IHT217 is also required to claim the transferable tax allowance, there is an additional fee of £150 plus VAT.
The Probate Registry charges a separate fee.