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PROBATE WORK FEES

Applying for the grant of probate, collecting and distributing the assets

We estimate total costs of between £2,500-£5,000 plus VAT and disbursements where there is no inheritance tax payable and the executors do not need to submit a full account to HMRC. Where IHT is payable and accounts are required we estimate total costs of between £5,000-£10,000 plus VAT and disbursements.

All legal work is carried out or supervised by qualified solicitors with many years’ probate experience.

The exact cost will depend on the individual circumstances of the matter and an individual cost estimate is provided at the start of every transaction which takes into account the particular circumstances of the transaction.

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 at the higher end.

This quote is for estates where:

  • There is a valid Will
  • There is no more than one property
  • There are no more than 3 bank or building society accounts
  • There are no other intangible assets• There are no more than 3 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There are no claims made against the estate
Disbursements to be paid in addition to the above fees:

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.

Probate application fee of £155 (no fee if estate less than £5,000. Extra copies of the probate are 50p. These fees are expected to rise significantly in the future under government proposals.

£5 Swearing of the oath (per executor) plus £2 per exhibit (such as a will).

Bankruptcy-only Land Charges Department searches (£1 per beneficiary).

£62.15 + VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors.

£185.00 + VAT Post in a Local Newspaper – This also helps to protect against unexpected claims.

Potential additional costs

If there is no will or the estate consists of any share holdings (stocks and bonds) there are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.

Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within 12 months. Typically, obtaining the grant of probate takes 3 weeks. Collecting assets then follows, which can take up to 8 weeks. Once this has been done, we can finalize IHT and distribute the assets, which normally takes 3 weeks.

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PCB Lawyers LLP
Cavendish Court
11-15 Wigmore Street
London
W1U 1PF

T: +44 (0) 20 7299 9261
F: +44 (0) 20 7000 1359
E: enquiries@pcblawyers.com
PCB is a limited liability partnership, authorised and regulated bythe Solicitors Regulation Authorityand registered in England and Wales under registered number: OC318980 and VAT number: 362 4964 34. PCB Lawyers LLP authorised and regulated by the Solicitors Regulation Authority under number 441402. Any reference to “partner” means a member of PCB Lawyers LLP.

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A list of members may be inspected at its registered office at Cavendish Court, 11-15 Wigmore Street, London, W1U 1PF. The information in this web site is for general guidance only. It is not intended to be suitable for specific legal advice which you should seek before taking or refraining from taking any steps. We will not be responsible for any loss or damages (including but not limited to loss of profits, loss of privacy and loss of data) or for any other direct or indirect, special or punitive damages whatsoever that arise out of or that are related to the use of this web site. We are required annually to collect, report and publish data on the diversity of our workforce. This data is available on request - please ask if you would like to receive a copy of our latest report.