Obtaining Grant of Probate
Providing the specialist guidance you need
When obtaining Grant of Probate/Letters of Administration, we calculate fees on a time spent basis. Our fees vary dependent upon the size and complexity of an estate. Complexity is not always linked to the value of the estate as sometimes a small but complex Estate can be more time consuming to resolve than a large straightforward one.
A number of specialists maybe involved in the administration of your Estate, we have outlined the hourly rates for each individual below.
On average, we expect obtaining the Grant of Probate/Letters of Administration to range from £1,950.00 – £3,000.00 plus VAT at the prevailing rate (currently 20%).
What is involved in obtaining Grant of Probate/Letters of Administration?
Obtaining Grant of Probate/Letters of Administration includes:
- Taking your instructions and details of the Estate and providing general advice
- Advising you about the provisions of the Will and any Codicils
- Advising about any Inheritance Tax problems
- Writing to all companies, banks, building societies, insurance companies and National Savings to help value the assets of the estate at the date of death
- Checking the liabilities of the Estate and preparing a Schedule of Assets and Liabilities
- Where appropriate negotiating with the Bank for the opening of an Executor’s account to pay any Inheritance Tax and probate fees
- Preparing the appropriate documents for the Grant of Probate/Letters of Administration and, where appropriate, the Inland Revenue Account
- Telephone, online or in-person meetings to discuss matters and review the Inheritance Tax Return, Probate Application, Statement of Truths, and any necessary Affidavits and filing with the Probate Registry
- Obtaining the Grant of Probate/Letters of Administration
There are a number of factors that could make the matter more complex and in turn increase costs. These can include, but are not limited to:
- If Executor wants to appoint an attorney to deal with the estate on their behalf
- The requirement for a special Grant (for the use and benefit of a minor; in the case of mental incapacity; to an attorney etc.)
- Disagreements between Executors and/or Beneficiaries
- Complexity of the tax position
- Difficulty in obtaining information from third parties – asset providers, HMRC, Executors etc
- Issues locating the Will
- Obtaining valuations of business or foreign assets
- If appointment of an Executor fails
- If Probate Registry or HMRC raise questions on the submissions
- Further assets and/or liabilities come to light
- A Form IHT400 (Inheritance Tax Account) required rather than an anticipated Form IHT205 (Return of Estate Information Account)
If we encounter an issue such as one of the above factors, we will discuss the necessary charges to resolve the matter and proceed with the case.
Likewise, there are a number of factors that could make the matter simpler and in turn decrease costs. These can include, but are not limited to:
- Form IHT205 required rather than anticipated Form IHT400
- Claim against Estate does not materialise
- If client has obtained all relevant date of death balances for assets and liabilities
There are a number of disbursements that may need to be paid in addition to the above costs including:
- Probate fees – £155.00 plus £1.50 per copy of the Grant
- Statutory notices – £150.00 – £250.00
- Bankruptcy searches – £2.00 per search
- Land Registry Search on title – £3.00
- Copies of Wills and Death Certificates – £11.00 per copy
It is estimated that obtaining a Grant of Probate/Letters of Administration will usually take between 6-12 months. Your dedicated Probate Specialist will keep you informed of how your case is progressing and any expected delays.
For more information about our Grant of Probate/Letters of Administration service, please get in touch with a member of our specialist team today by calling 01454 619900. They would be delighted to speak to you and provide a quote tailored to your individual needs.
What can we do for you?