Probate

Information & Timescales

Applying for the grant, collecting and distributing the assets

We anticipate this will take between 10 and 150 hours work at £270 per hour + VAT.

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property, multiple bank accounts, investment portfolios, foreign assets, business assets, agricultural assets and a full Inheritance Tax return to submit to HMRC, then costs will be at the higher end. The majority of estates that we deal with will be dealt with within 15 to 35 hours of time.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will or the deceased died intestate

  • There is no more than one property

  • There are multiple bank or building society accounts

  • There are intangible assets

  • There are 1-20 beneficiaries

  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs

  • There may be  inheritance tax payable and the executors may  need to submit a full account to HMRC

  • There are no claims made against the estate (contentious probate will incur additional charges).

 

Disbursements (payable to others):

  • Probate application fee of £155.00

  • £5 Swearing of the oath (per executor) plus £2 per exhibit.

  • Bankruptcy-only Land Charges Department searches (£2 + VAT per beneficiary)

  • Trustee Act Notices costing about £200 (depending on the local paper used) posted in the London Gazette and a local newspaper – Protects the executors against unexpected claims from unknown creditors.

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.

Potential additional costs

  • If a property is to be sold, this will incur additional Conveyancing costs.

 

How long will this take?

On average, estates that fall within this range are dealt with within 6-12 months. Typically, obtaining the grant of probate takes 4 - 8 weeks. Collecting assets then follows, which can take between 4 weeks. Once this has been done, we can distribute the assets, which normally takes 4 weeks.

For more information, please contact your local office at Ripon, Thirsk or Bedale.

Want to make an appointment?

© 2019 - Eccles Heddon LLP

Eccles Heddon LLP is a Limited Liability Partnership registered in England and Wales with registered number OC365025.

Authorised and regulated by the Solicitors Regulation Authority with ID 566001