The following information is given as a guide and the figures do not represent a quote or estimate.
BBMW take pride in offering a bespoke service and aim to meet the requirements best suited to you.
Our Probate service may include as much or as little involvement as you require and for this, we will provide a quotation of our charges at the outset. The majority of the work will be carried out by our partners and experienced Solicitors with hourly rates ranging from £200 to £300 + VAT. In some circumstances a fixed fee will be agreed.
Where VAT is payable the charge will be at the current rate. For information about the current rate please check the HMRC website. https://www.gov.uk/vat-rates. At present the rate is 20%.
Our Head of Private Client is Alison Hill who is a Solicitor and Director of BBMW Limited. Alison Hill qualified as a Solicitor in 2004 and has worked in the private client sector since qualifying and is a member of the Society of Trusts and Estate Practitioners.
Full Service Administration
Our full administrations service involves but is not subject to;
- Reviewing the deceased’s paperwork
- Contacting all known asset companies to ascertain probate valuations
- Obtaining information in relation to any liabilities
- Preparing Inheritance Tax forms
- Arranging payment of Tax
- Preparing the Probate application and obtaining the grant of probate/administration
- Collecting various assets
- Paying liabilities
- Arranging property sale
- Paying legacies
- Reviewing and closing bank accounts
- Preparing estate accounts
- General correspondence
- Paying out legacies and other associated matters
This full service would be charged at the hourly rate of the Solicitor dealing with the matter and will depend on the circumstances surrounding the estate and individual.
This does not include any Conveyancing charges and any property matters will be referred to our specialist conveyancing department who will provide a separate fee estimate.
This also does not include any Litigation charges and if the matters is contested then you will be referred to our specialist Litigation department who will provide a separate fee estimate.
Inheritance Tax and Grant of Probate only
In some circumstances we are instructed to prepare the probate application and obtain the grant of probate or letters of administration only, based on information supplied by the Executor. In these cases, the executor will then be responsible for all other matters.
For this we will charge a fixed fee ranging from £750 to £1250 + VAT. The fees payable will depend on the particular estate and whether inheritance tax is payable. If you would like to get a more specific quote which is tailored to you please do contact one of our offices.
In order to provide a bespoke service to you we aim to be clear and frank with regard to our charges, with no hidden fees. However, there are a number of factors where further costs may be applicable, for example;
- If there was more than one property
- If there is a number of bank and building society accounts
- If there are other intangible assets
- If there are multiple beneficiaries
- If disputes arise
- If Inheritance Tax is payable
- If a claim is made against the Estate
Whilst it is difficult to provide an accurate schedule of costs we do aim to notify you of any additional charges which may be incurred throughout the course of this matter.
Probate court fees £155, plus 50p per sealed office copy of the grant of probate
Bankruptcy searches at £2 per search
Land Registry title information ranging between £3-£6 plus VAT (if required)
Landmark missing asset search at £162 (if required)
Statutory advertisement around £200 plus VAT(if required)
Valuation fees which will vary depending on the assets
It is difficult to predict a timeframe for a probate matter as we would primarily be dealing with outside sources such as banks, tax offices, the probate registry and other institutions. I would, therefore, advise for a more accurate timescale that you telephone one of our offices so that we have a better understanding on the details of the estate so that a more specific timescale can be estimated.