Fixed fee service
We are able to offer you a fixed fee service in circumstances where you merely wish to instruct us to obtain the Grant of Probate/Letters of Administration and where:-
(i) all assets are situated within the United Kingdom;
(ii) there is no prospect that the Will may be contested;
(iii) the estate does not comprise of a share portfolio or shares in a private company;
(iv) there is no Income Tax, Inheritance Tax or Capital Gains Tax payable in relation to the estate.
In circumstances where the deceased died intestate (i.e. without having made a valid Will), the fixed fee service is only available if the Administrators of the estate are closely related to the deceased, such as a spouse and/or adult child, and there are no minor beneficiaries.
As part of our fixed fee service, we will undertake the following work:
(i) an experienced member of our team will hold an initial face to face meeting with you;
(ii) we will check the validity of the Will (if applicable);
(iii) we will provide a checklist and advice with regard to the information that you will need to give to us, to enable us to prepare a schedule of the assets and liabilities that are included in the estate;
(iv) upon receipt of all necessary information together with supporting documents, we will draft the Oath and complete the necessary IHT forms;
(v) we will attend upon you in person to go through the documents with you and to check they are correct. Thereafter, we will arrange for you to sign the forms before proceeding to submit the application to the Probate Registry;
(vi) upon receipt of the Grant of Probate/Letters of Administration, we will check the document is correct and shall thereafter forward the same to you, together with any requested certified copies.
In estates where we are merely required to complete form IHT205 and the estate return is not to be submitted to HMRC for prior consideration, we undertake the above service for a fixed fee of £850.00 plus VAT at 20%. The fee represents work over a period of 3 hours 40 minutes for the Head of Department, 3 hours and 47 minutes for a Solicitor/Graduate Legal Executive. If, however, it is necessary to complete form IHT400, our fee will be in the region of £1,500.00 to £1,750.00 plus VAT at 20%. The exact fee will be agreed with you at the outset of the matter, once we have ascertained the extent of the work that will need to be undertaken in completing the form IHT400.
The full fixed fee will be payable within 28 days of us receiving the Grant of Probate/Letters of Administration.
In addition to this firm’s fees, external costs and expenses will be incurred, known as “disbursements.” Some disbursements are subject to VAT at the standard rate of 20%. The disbursements that may be incurred include the following:-
(i) with all applications for Grant of Probate or Letters of Administration, there will be a Probate Court fee.
- Probate Court fee – this is currently £155.00 plus £1.50 for each additional sealed copy of the Grant of Probate or Letters of Administration. These fees are expected to increase in 2022.
There is no VAT payable on the Probate Court fee.
You will be required to pay us the Probate Court fee before we submit the application for Grant of Probate or Letters of Administration.
(ii) We are able to secure a copy of a Land Registry property title at a cost of £3.00 pus VAT of 60 pence.
(iii) In every case we will electronically verify the identity of each Executor or Administrator at a cost of £5.50 per person plus VAT of £1.10.
Once the full extent of the assets and liabilities of the estate are known, we will inform you if there are any other expenses that arise, that are appropriate to your particular estate.
Assuming that all the information required to make the application for the Grant is available at the first appointment, we would expect to draft the relevant documentation and submit it to the Probate Registry within a period of 2 to 3 weeks. The Grant should then be issued within a period of approximately 6 weeks.