|Probate Fees||Our Costs||VAT||Total Costs|
|Grant of Probate (No Inheritance Tax Payable)||£600.00||20%||£720.00|
|Grant of Probate (Inheritance Tax Payable)||£1,000.00||20%||£1,200.00|
For more complex estates this will be billed at a rate of £185.00 plus VAT per hour. The typical VAT rate of 20% will apply. We will advise you within your initial appointment of likely costs and any associated fees.
Court Fee – £273.00
Grant of Probate – £1.50 per copy £1.50
Post in The London Gazette – Protects against unexpected claims from unknown creditors – £81.00
Post in a Local Newspaper – This also helps to protect against unexpected claims – £128.00-£158.00
Other disbursements may be applicable during the course of your transaction. If this is the case we will advise you accordingly and we will not incur any third party disbursements without your prior agreement.
For a Grant of Probate where inheritance tax is not payable, we anticipate the likely timescales to be in the region of three to six months, from initial instructions through to distribution of the estate.
As part of the process, we will take steps to contact any asset holders to ascertain the value of the estate. We will also take steps to repay any liabilities due from the estate, such as funeral fees.
Once the value of the estate is known, we will make an application to the Probate Registry for a Grant of Probate. In relation to estates where inheritance tax is due, this is required to be paid before a grant if probate can be issued.
Thereafter an Estate Account will be prepared, and the estate distributed in accordance with the Will. For Intestate Estates (where there is no Will) the estate will be issued in accordance with the Rules of Intestacy.