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Probate/Administration of Estates
Fees and Costs
What we do:
- Identify the legally appointed executors and administrators.
- Accurately identify the type of Probate application you will require.
- Obtain relevant documents required to make the application.
- Complete the Probate Application and relevant HMRC Forms.
- Draft a Legal Oath for you to swear.
- Make the application to the Probate Court on your behalf.
Grant of Probate only (IHT205) - £600 plus VAT
Grant of Probate and administration of estate including IHT205 - £800 plus VAT
Grant of Probate only (IHT400) - £800 plus VAT
Grant of Probate and administration of estate including filing IHT400 -£2,500 plus VAT
Letters of administration only with IHT 205 - £700 plus VAT
Letter of Administration only with IHT 400 - £750 plus VAT
Letters of Administration and administration of estate including completing IHT205 - £850 plus VAT
Letters of Administration and administration of estate including completing and filing IHT400 - £3,000 plus VAT
Disbursements
Disbursements are costs related to your matter that are payable to third parties.
Set out below are the costs which are likely to be incurred in probate applications:-
Probate Fee - £150*
Office Copies for the Grant of Probate (each) - £0.50
Commissioners fees for Swearing Oath of probate
(per executor and where there is a Will) - £7.00
Commissioners fees for Swearing Oath of probate
(per executor and where there is no Will) - £5.00
Land Registry Search fee (in England and Wales)
- £3.00
Bankruptcy Search fee
(per beneficiary) - £2.00
Advert in the Local Newspaper and the London Gazette
(estimate as depends on location) - £196.80
(£164 + vat)
*Current probate fee payable to HMCTS
Please call Stephanie Smith on 01245 251650 or by email her at stephanie.smith@bachappell.co.uk who can provide you with further information and details of the likely costs and disbursements payable.
Inheritance Tax (IHT)
Currently if the estate exceeds £325,000, inheritance tax may be payable and forms IHT400 will need to be completed and filed at HMRC. The tax payable is dependent on the size of the estate. We can only calculate the tax once we have full details of the assets, liabilities and life time gifts. If you require further information about IHT then we would advise you to look on the HMRC Website.
Exclusions/Additional Costs
The fee guide is to provide with the likely costs involved with the administration of estate. Once we have specific details of your case, we can provide you with a fixed fee in respect of our fees. If there are any changes which arise during our instruction, we will immediately inform you and advise of the costs of any further work required or any further disbursements payable.
Time Scales
Probate application can take between 3 - 12 months. We would expect to receive a Grant of Probate within 3 - 6 months of application. It is only after we have the Grant that we can collect and distribute assets. This is likely to take between 2 -6 months following receipt of the Grant. If IHT 400 is required, the timescale will be determined by HMRC. HMRC must approve the return before the Grant can be sealed by the Probate Registry.