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Probate Pricing
PROBATE – FULL ESTATE ADMINISTRATION
The prices and timescales in this document are indicative.
| Service | Fee Estimate | Explanation | Estimated Timescales |
|---|---|---|---|
| Simple Estate | £5,000-£9,000 plus VAT | No IHT No need to submit IHT400 1 property interest 1 bank account Up to 3 cash gifts in will Up to 3 residuary beneficiaries in will | 6-12 months |
| Mid-Complexity Estate | £9,000-£27,500 plus VAT | IHT Submitting IHT400 2 property interests 1 portfolio of shares Up to 3 bank accounts Up to 5 cash gifts in will Up to 5 residuary beneficiaries in will | 12-18 months |
| Complex Estate | £27,500-£55,000 plus VAT | IHT Submitting IHT400 Foreign assets 3 property interests 3 to 5 portfolios of shares Up to 5 bank accounts Up to 8 cash gifts in will Up to 8 residuary beneficiaries in will Multiple chattels requiring specialist valuations One or two additional complicating factors, such as a business, a farm, intestacy, negotiations with HMRC, tracing missing beneficiaries, tracing missing assets, inheritance from another person’s estate, claiming multiple IHT reliefs, multiple lifetime gifts | 18-24 months |
Assumptions
- UK domiciled
- Valid will in clear terms
- Disbursements not included
- Income tax and capital gains tax reporting carried out by a third-party accountant
- No disputes or applications to court or registry, other than for the grant
- No conveyancing of property
- No varying of beneficiaries entitlements
- Information provided by client and third-parties clearly and in a timely manner
- No HMRC or DWP investigations or enquiries
Third-party charges
Third-party charges are not included in the above fees. Common third-party charges include the following:
- accountancy fees for completing income tax returns or capital gains tax returns
- estate agent fees
- probate application fee charged by the registry – £300 plus £1.50 for each additional copy of the grant
- advertising for creditors – £240 plus VAT for newspaper advert and £125.80 plus VAT for notice (additional costs for add-ons)
- valuation of property by chartered surveyor – £500 plus VAT to £1,000 plus VAT
- valuation of specific personal possessions – £250 plus VAT to £600 plus VAT
- UK bankruptcy searches – £3.20 each
- foreign bankruptcy searches for foreign beneficiaries – price depends on the jurisdiction