What does probate cost?

Grant Of Probate/Letter of Administration Only

This includes:

• Instruction meeting
• Completion of HMRC 205 and Oath
• Attendance upon executors for swearing
• Submitting papers to Registry
• Obtaining Grant
• Forwarding Grant to Executors

Estate Less than £325,000 £900 plus VAT

Estate more than £325,000 – no claim for IHT relief £1,500 plus VAT

Estate more than £325,000 and claim for IHT reliefs £2,000 plus VAT
e.g. Agricultural Property Relief or Business Property Relief

Simple Administration

This includes:

• Instruction meeting
• Obtaining date of death values for all assets & liabilities
• Arranging property valuations
• Arranging payment of funeral director invoice
• Completion of HMRC papers and drafting Probate Registry Oath
• Contacting all non-charitable beneficiaries
• Drafting estate accounts
• Collection of all assets
• Payment of liabilities
• Obtaining receipts from all beneficiaries

Estate Less than £325,000 £2,500 plus VAT

Estate more than £325,000 – no claim for IHT relief £4,000 plus VAT

Estate more than £325,000 and claim for IHT reliefs £5,000 minimum fee negotiations
e.g. Agricultural Property Relief or with HMRC post filing on time
Business Property Relief incurred plus VAT

Full Administration

This includes:

• Instruction meeting
• S27 Trustee Advert – this legal notice advertises for unknown debtors to come forward within a specific time period and provides legal protection for the executors from personal liability for unknown debts
• Certainty search – a search of a National Register to check if a later Will has been made by the deceased
• Unknown asset search
• Obtaining date of death values for all assets & liabilities
• Arranging property valuations
• Contacting utility providers
• Arranging payment of funeral director invoice
• Processing Tell Us Once
• Finalising income tax records
• Completion of HMRC papers and drafting Probate Registry Oath
• Contacting all non-charitable beneficiaries
• Drafting estate accounts
• Collection of all assets
• Payment of liabilities
• Bankruptcy searches on individuals
• Obtaining receipts from all beneficiaries

Estate Less than £325,000 £3,500 plus VAT

Estate more than £325,000 – no claim for IHT relief £5,000 plus VAT

Estate more than £325,000 and claim for IHT reliefs £5,000 minimum fee with total
e.g. Agricultural Property Relief or fee to be agreed with client or on
Business Property Relief time incurred basis plus VAT

Disbursements

On each administration there are usually the following fees:

• Oath fee for swearing Probate Registry papers – £7 per Oath and £2 each annexation per signatory
• Probate Registry Application fee – £155 per application and 50p per copy
• Bankruptcy search against beneficiary £2 per person

Napthens Executor’s Service

Clients frequently request that a solicitor is the Executor. A senior partner of Napthens LLP shall be the proving executor or administrator. This is a full administration service with additional work to ensure full compliance and wider checks to ensure no assets, debts or beneficiaries are missed.

Estate less than £325,000 £4,000 minimum fee

Estate more then £325,000 IHT reliefs to claim £7,000 minimum fee total fee and/or IHT to pay to be agreed with the client or on time incurred basis

Additional Services which can be added to any of the above packages

• S27Trustee Act Notice £100
This legal notice advertises for unknown debtors to come forward within a specific time period and provides legal protection for the executors from personal liability for unknown debts

• Drafting R185 £250
• Completing HMRC 217 to transfer unused NRB relief £500
• DWP claims – providing inventory of assets & liabilities £200
• DWP Claim obtaining historical financial information £500
• Deeds of Variation £500
• Deeds of Renunciation for Napthens LLP to renounce £250
• Appointment of Attorney on behalf of the Executor                     £250

 

Napthens Property Care Services

Property Care Service is when we are asked to deal with anything in relation to the property and you will see from the following that there are 3 levels of service as these are generally the 3 camps into which clients instructions regarding property fall. Where we are the executors then it is usually Property Gold where we have to do everything with the property.

Property Simple £500
Property Gold £1000
Property Premier £1500

Property Care Services include:

Property Simple

  • Obtaining valuations
  • Notifying utility providers

Property Gold

  • Obtaining valuations
  • Notifying utility providers
  • Arranging house clearance
  • Obtaining final meter readings

Property Premier

  • Obtaining valuations
  • Notifying utility providers
  • Arranging house clearance
  • Obtaining final meter readings
  • Arranging House Insurance
  • Arranging regular property checks for compliance with house insurance for unoccupied property