Thank you so much Richard, you have been so kind and patient with me when I have been at about the lowest point of my life after losing my wife, I can never thank you enough. I will also let my family know my wishes that Laker Legal Solicitors deal with my estate when that time comes.
When someone dies then the executors of their Will are responsible for collecting the estate in and distributing it in accordance with the Will. Executors are formally appointed, by the deceased, in their Will.
Many Solicitors and banks charge a percentage of the estate for dealing with the administration of an estate. Here at Laker Legal Solicitors we believe that approach to be unfair and disproportionate. The firm`s fees are determined upon the complexity of the estate and not the size of the estate.
OUR CHARGES
The Probate Team is headed up by John Hirst who is a Solicitor, Director of the Firm.
The firm`s Probate Solicitors and their respective hourly charges are as follows :
- John Hirst, £260 + Vat (£52) per hour
- Stephen Ogden, £260 + Vat (£52)per hour
- Sarah Rushworth £240 + Vat (£48) per hour
- Paralegal – £150 + Vat (£30) per hour
The exact cost will ultimately depend on the individual circumstances of the matter. By way of example if there are only 1 or 2 Beneficiaries, a limited number of bank accounts, a straight forward tax return (on form IHT205) and no house sale then legal fees would range approximately between £2,000 – £3,000 + Vat. (Currently at 20%). If there is a house sale then conveyancing would be in addition.
A more complicated uncontested administration of an estate (involving a full inheritance tax return) would usually cost between £4,000 – £8,000 + Vat, (20%) depending upon the level of assets and complexity of the matter. This is a guide only and a detailed estimate will be provided to you upon request to take account the individual circumstance of your case. Our charges guidance would be in addition to the below disbursements, (disbursements are expenses your solicitor pays on your behalf and is then charged out to you).
- Probate Court fee of £300.00
- £1.50 for each office copy of the Grant required (1 per asset usually)
- If applicable to your case – possible fees for Trustee Act Notices in the London and Local Gazette– usually range between £200 – £400 + Vat (20%)
- Telegraphic Bank Transfer Fees when we are sending monies – £42.00 including VAT
- ID verification charge – £42.00 including VAT
- Bankruptcy only Land Charges Department search (£2.00 per individual)
- This is on the basis there are no claims or challenges against the estate.
OUR FIXED FEE SERVICES
We may be able to provide a Fixed Fee following consideration of the complexity of the estate and overall case. In the event we are able to offer you a fixed fee then we will:
- Provide you with a fully qualified Probate Solicitor to handle your matter. This either be a Director of the firm or another Solicitor who will be supervised by a Director.
- Identify the legally appointed executors or administrators and beneficiaries
- Accurately identify the type of Probate application you will require
- Obtain the relevant documents required to make the application
- Complete the Probate Application and the relevant HMRC forms
- Draft a legal oath for you to swear
- Make the application to the District Probate Registry
- Obtain the Probate and securely send two copies to you
- Collect and distribute all the assets in the estate
In the event that there is a property to sell or transfers of land / property to deal with in connection with the estate matter then we will separately quote for the same.
Please contact us for a free initial chat over the telephone to discuss your case and see how we can help you at this difficult time.
