Solicitors in Essex & London
Our fees for dealing with the administration of an estate tend to be in the region of 1.0% - 2.5% of the total value of the estate exclusive of 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 and multiple estate assets, costs will be at the higher end.
We can handle the full process for you and the above fee estimate is based on estates where:
On average, estates that fall within this range are dealt with within 6 - 8 months. Typically, obtaining the grant of probate takes 2 to 3 months.
The duration of the post-grant period varies depending on the nature of the estate. It will include collecting in the estate assets dealing with any administration tax liabilities, preparation of the final estate accounts and distributing the assets. The entire post grant process typically takes 3 to 6 months. .
If we just obtain the Grant of Probate for you rather than dealing with the full administration, our fees for simple estates will be fixed at £1,500 plus VAT. Our fees will be higher than this if the estate is more complex. It usually takes 4 - 6 weeks from the date of our instruction to obtain the Grant. As part of our fixed fee we will:
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf if we are acting in the full administration.
Potential additional costs: