In simple cases we can help you through this difficult process by obtaining the Grant of Probate or Letters of Administration on your behalf. We may agree a fixed fee for this service.
A total fixed fee of £650 plus £130 VAT at 20%, a total of £780. This includes obtaining the grant in an estate where a full Inheritance Tax Return (IHT400) is not required.
A total fixed fee of £1,500 plus £300 VAT at 20%, a total of £1,800. This includes: obtaining the grant in an estate where a full Inheritance Tax Return (IHT400) is required.
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.
On average, estates that fall within this range are dealt with within 3-4 months. The probate registry currently estimates that it will take 16 weeks from the probate application being made to the grant being issued.
For the vast majority of cases, applications are more complex, and it is not possible to proceed by way of fixed fee. We anticipate applying for the grant, collecting, and distributing the assets will take between 15 and 20 hours work at £177 per hour plus VAT at 20% (£35.40 VAT per hour). This equates to total costs of between £2,550 and £3,400 plus VAT at 20% (between £510 and £680 VAT). Together with a value element of 1% of the gross estate plus VAT at 20%.
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 and multiple bank accounts, costs will be towards the higher end. In our experience the average total charge to include both capital element and time element is around 1.5%-2% of the gross estate plus VAT at 20%.
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.
On average, estates that fall within this range are dealt with within 6-9 months. Typically, it takes around 6 weeks to gather the information leading to the grant, obtaining the grant of probate takes 16 weeks once the application is lodged with the Probate Registry. Collecting assets then follows, which can take between 4-6 weeks. Once this has been done, we can distribute the assets, which normally takes 1-2 weeks.
PGS Law is the trading name of PGS Law LLP a limited partnership registered in England & Wales under no OC372923. Authorised and regulated by the Solicitors Regulation Authority.
The notarial practice of William Joseph Dryden is regulated through the Faculty Office of the Archbishop of Canterbury.
For the purpose of notarial services, the standard Terms and Conditions and Privacy Notice of PGS Law LLP do not apply, instead they are replaced by the following Notary Public Terms and Conditions and Notary Public Data Protection and Privacy Notice.
PGS Law