Southampton: 02380 713 060

Transparency Fees

Transparency Probate Fees: –

Non-Chargeable Estate and a Valid Will: –

We anticipate this will take between 13.5 and 22.5 hours work at £220.00 plus VAT per hour. Total costs estimated at £3,000 – £5,000 (plus VAT) plus Disbursements. We will review this indication of costs at least every six months and advise you if there is likely to be any material change.

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 bank accounts, costs will be at the higher end.

Ordinary letters out and telephone calls are charged at six-minute units where the time spent does not exceed this and there is a nominal charge for letters in.  Where matters are progressed by a secretary/non-fee earner, a charge will be made for the time spent on involvement in dealing with the issues raised.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 5 bank or building society accounts
  • There are no other intangible assets
  • There are 1 – 5 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 is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are instances where a full account to HMRC is required, even when IHT is not payable.  Where the following occurs, we will need to charge an additional fee for submitting full accounts: –
    • Claiming Residence Nil Rate Band;
    • Claiming Transferable Nil Rate Band where 100% is not available to claim;
    • The Estate includes assets held in either more than one trust OR a trust in which the gross value exceeds £150,000;
    • The Estate includes foreign assets which exceed £100,000;
    • The Estate must account for specific transfers (i.e. a transfer/gift made within seven years of death) that exceed £150,000;
    • The Deceased made a gift during their lifetime with reservation of benefit.
    • The Estate wishes to apply for exemptions other than spousal exemption or charity exemption and the gross value of the Estate does not exceed £1,000,000.
  • There are no claims made against the estate

Disbursements not included in the above fee:

  • Probate application fee of £157.50
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £69.50 + VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors – although highly advised, this is an optional disbursement.
  • £50.00 – £75.00 plus VAT Post in a Local Newspaper (entirely dependent upon the fees of the Local Newspaper) – This also helps to protect against unexpected claims – although highly advised, this is an optional disbursement.
  • £50.00 – £200.00 plus VAT for a valuation of items in a property (dependent upon the amount of time our valuer is required at the property which is dependent upon how many items are in the property worth valuing).

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.

Potential additional costs

  • If the estate consists of any share holdings (stocks and bonds), there will likely to be additional costs that could range significantly depending upon the individual 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.
  • Attending an empty property on your behalf (where required by a buildings insurance policy) is not included.
  • Any fee which may be payable to an accountant to sort out outstanding income tax (or other taxes) owed by the Deceased prior to their death is not included.
  • Management of any trusts which may arise under the Will of the deceased is not included.

We require £300.00 on account at the start of a Probate Matter and it is the firm’s policy to bill on a monthly basis. This means that where Estate Funds are not immediately available, our client(s), the executor(s), will be required to pay any outstanding invoices whilst funds are being drawn in.  Once funds are drawn in from the deceased’s various bank accounts/financial institutions, our client(s) will be reimbursed all fees and other administration expenses paid out on behalf of the Estate.

 

Chargeable Estate No Will (or No Valid Will): –

We anticipate this will take between 23 and 32 hours work at £220.00 plus VAT per hour. Total costs estimated at £5,000 – £7,000 (plus VAT) plus Disbursements. We will review this indication of costs at least every six months and advise you if there is likely to be any material change.

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary, a few bank accounts and one property, costs will be at the lower end of the range.  If, however, there are multiple beneficiaries, the Estate is made up of several properties, multiple bank accounts and/or investment portfolios and/or foreign assets, the costs will likely be at the higher end.

Ordinary letters out and telephone calls are charged at six-minute units where the time spent does not exceed this and there is a nominal charge for letters in.  Where matters are progressed by a secretary/non-fee earner, a charge will be made for the time spent on involvement in dealing with the issues raised.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is more than one property
  • There are more than 5 bank or building society accounts
  • There are other intangible assets
  • There are multiple 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 is inheritance tax payable and the executors need to submit a full account to HMRC
  • The inheritance tax can be paid directly from one of the deceased’s bank accounts or there is an acceptable asset available in which election for instalment payments can be made
  • There are no claims made against the estate

Disbursements not included in the above fee:

  • Probate application fee of £157.50
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £69.50 + VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors – although highly advised, this is an optional disbursement.
  • £50.00 – £75.00 plus VAT Post in a Local Newspaper (entirely dependent upon the fees of the Local Newspaper) – This also helps to protect against unexpected claims – although highly advised, this is an optional disbursement.
  • £50.00 – £200.00 plus VAT for a valuation of items in a property (dependent upon the amount of time our valuer is required at the property which is dependent upon how many items are in the property worth valuing).
  • Inheritance Tax

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.

Potential additional costs

  • If there is no will or the estate consists of any share holdings (stocks and bonds) there is 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.
  • Attending an empty property on your behalf (where required by a buildings insurance policy) is not included. Any fee which may be payable to an accountant to sort out outstanding income tax (or other taxes) owed by the Deceased prior to their death is not included.
  • Management of any trusts which may arise under the Will of the deceased is not included.

We require £300.00 on account at the start of a Probate Matter and it is the firm’s policy to bill on a monthly basis. This means that where Estate Funds are not immediately available, our client(s), the executor(s), will be required to pay any outstanding invoices whilst funds are being drawn in.  Once funds are drawn in from the deceased’s various bank accounts/financial institutions, our client(s) will be reimbursed all fees and other administration expenses paid out on behalf of the Estate.

 

Chargeable Estate and a Valid Will: –

We anticipate this will take between 13.5 and 27 hours work at £220.00 plus VAT per hour. Total costs estimated at £3,000 – £6,000 (plus VAT) plus Disbursements. We will review this indication of costs at least every six months and advise you if there is likely to be any material change.

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 bank accounts, costs will be at the higher end.

Ordinary letters out and telephone calls are charged at six-minute units where the time spent does not exceed this and there is a nominal charge for letters in.  Where matters are progressed by a secretary/non-fee earner, a charge will be made for the time spent on involvement in dealing with the issues raised.

We will handle the full process for you. This quote is for estates where:

  • All beneficiaries, in accordance with the Administration for Estates Act 1925 are known and there is no need to undertake searches for missing beneficiaries within a class.
  • There is no more than one property
  • There are no more than 5 bank or building society accounts
  • There are no other intangible assets
  • There are 1 – 5 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 is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are instances where a full account to HMRC is required, even when IHT is not payable.  Where the following occurs, we will need to charge an additional fee for submitting full accounts: –
    • Claiming Residence Nil Rate Band;
    • Claiming Transferable Nil Rate Band where 100% is not available to claim;
    • The Estate includes assets held in either more than one trust OR a trust in which the gross value exceeds £150,000;
    • The Estate includes foreign assets which exceed £100,000;
    • The Estate must account for specific transfers (i.e. a transfer/gift made within seven years of death) that exceed £150,000;
    • The Deceased made a gift during their lifetime with reservation of benefit.
    • The Estate wishes to apply for exemptions other than spousal exemption or charity exemption and the gross value of the Estate does not exceed £1,000,000.
  • There are no claims made against the estate

Disbursements not included in the above fee:

  • Probate application fee of £157.50
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £69.50 + VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors – although highly advised, this is an optional disbursement.
  • £50.00 – £75.00 plus VAT Post in a Local Newspaper (entirely dependent upon the fees of the Local Newspaper) – This also helps to protect against unexpected claims – although highly advised, this is an optional disbursement.
  • £50.00 – £200.00 plus VAT for a valuation of items in a property (dependent upon the amount of time our valuer is required at the property which is dependent upon how many items are in the property worth valuing).

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.

Potential additional costs

  • If there is no will, or the estate consists of any share holdings (stocks and bonds), there will likely to be additional costs that could range significantly depending upon the individual 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.
  • Attending an empty property on your behalf (where required by a buildings insurance policy) is not included.
  • Any fee which may be payable to an accountant to sort out outstanding income tax (or other taxes) owed by the Deceased prior to their death is not included.
  • Management of any trusts which may arise under the Will of the deceased is not included.

We require £300.00 on account at the start of a Probate Matter and it is the firm’s policy to bill on a monthly basis. This means that where Estate Funds are not immediately available, our client(s), the executor(s), will be required to pay any outstanding invoices whilst funds are being drawn in.  Once funds are drawn in from the deceased’s various bank accounts/financial institutions, our client(s) will be reimbursed all fees and other administration expenses paid out on behalf of the Estate.

 

Non-Chargeable Estate and No Will (or No Valid Will) –

We anticipate this will take between 23 and 36 hours work at £220.00 plus VAT per hour. Total costs estimated at £5,000 – £8,000 (plus VAT) plus Disbursements. We will review this indication of costs at least every six months and advise you if there is likely to be any material change.

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary, a few bank accounts and one property, costs will be at the lower end of the range.  If, however, there are multiple beneficiaries, the Estate is made up of several properties, multiple bank accounts and/or investment portfolios and/or foreign assets, the costs will likely be at the higher end.

Ordinary letters out and telephone calls are charged at six-minute units where the time spent does not exceed this and there is a nominal charge for letters in.  Where matters are progressed by a secretary/non-fee earner, a charge will be made for the time spent on involvement in dealing with the issues raised.

We will handle the full process for you. This quote is for estates where:

  • All beneficiaries, in accordance with the Administration for Estates Act 1925 are known and there is no need to undertake searches for missing beneficiaries within a class.
  • There is more than one property
  • There are more than 5 bank or building society accounts
  • There are other intangible assets
  • There are multiple 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 is inheritance tax payable and the executors need to submit a full account to HMRC
  • The inheritance tax can be paid directly from one of the deceased’s bank accounts or there is an acceptable asset available in which election for instalment payments can be made
  • There are no claims made against the estate

Disbursements not included in the above fee:

  • Probate application fee of £157.50
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £69.50 + VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors – although highly advised, this is an optional disbursement.
  • £50.00 – £75.00 plus VAT Post in a Local Newspaper (entirely dependent upon the fees of the Local Newspaper) – This also helps to protect against unexpected claims – although highly advised, this is an optional disbursement.
  • £50.00 – £200.00 plus VAT for a valuation of items in a property (dependent upon the amount of time our valuer is required at the property which is dependent upon how many items are in the property worth valuing).
  • Inheritance Tax

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.

Potential additional costs

  • If there is no will or the estate consists of any share holdings (stocks and bonds) there is 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.
  • Attending an empty property on your behalf (where required by a buildings insurance policy) is not included. Any fee which may be payable to an accountant to sort out outstanding income tax (or other taxes) owed by the Deceased prior to their death is not included.
  • Any fee which may be payable to an accountant to sort out outstanding income tax (or other taxes) owed by the Deceased prior to their death is not included.
  • Management of any trusts which may arise under the Will of the deceased is not included.

We require £300.00 on account at the start of a Probate Matter and it is the firm’s policy to bill on a monthly basis. This means that where Estate Funds are not immediately available, our client(s), the executor(s), will be required to pay any outstanding invoices whilst funds are being drawn in.  Once funds are drawn in from the deceased’s various bank accounts/financial institutions, our client(s) will be reimbursed all fees and other administration expenses paid out on behalf of the Estate.

Contested Estates and Estates subject to claims under Inheritance (Provisions for Family & Dependents) Act 1975: –

Any Estate which is contested on the grounds of an invalid will for any reason, or Estates which are subject to claims made under the Inheritance (Provisions for Family & Dependents) Act 1975 will require a bespoke quotation which will be based entirely upon the facts of the matter and the size of the Estate.

Please feel free to contact us for further information.

Thank you.

Make an appointment

We will assist in many complicated and specialised areas of family law, wills & probate.

Discuss your options and contact us on
02380 713 060







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