Fees for Probate Services
Parry Carver provide our clients with the professional advice they need whilst recognising the importance of delivering a sensitive and approachable service at which is often a difficult time.
We deal with all aspects of Wills, Trusts and Estate Planning and we pride ourselves in being considered by many of our clients as their “family solicitor” acting on behalf of clients for several generations.
Our areas of expertise are:-
- Wills
- Probate and Estate Administration
- Power of Attorney
- Court of Protection and Deputyship
- Advice for the Elderly
- Contentious Probate and Will disputes
To find out more about any of the services available at Parry Carver, then please contact our offices for more information or ask to make an appointment for an initial consultation with one of our lawyers.
The Private Client department within Parry Carver Solicitors would expect the administration of a typical estate to take between 6 and 8 hours (this is subject to individual matters) with work charged at £230 + VAT per hour. Total costs would therefore be estimated at £1,320-£1,760 + VAT, plus disbursements.
The exact cost will depend on the deceased’s individual circumstances, for example, if there is one beneficiary and no property to sell, costs will be at or below the lower end of the estimate. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at, or above the higher end of the estimate.
We will handle the full process for you. The estimate issued is applicable to estates where:
There is a valid Will that deals clearly and properly with the assets held by the deceased. This does not apply in circumstances where there may, for example, be a discretionary trust incorporated in the Will
There is no more than one property
There are no more than 3 banks or building societies holding accounts for the deceased
There are no other intangible assets of financial value
There are no more than 3-4 beneficiaries and no more than 3-4 specific gifts in the Will
There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to a substantial increase in costs
There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
There are no claims made against the estate
You are able to supply Parry Carver Solicitors with original copies of the deceased’s final Will, death certificate, marriage certificate (if appropriate), title deeds and any other death certificates and wills for any spouse or civil partner who has predeceased.
Disbursements
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 smooth process.
Disbursement costs include:
£155 Probate application fee
£7 Swearing of the oath (per executor)
Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
Additional Costs
There are several circumstances which are likely to incur additional costs:
If there is no Will or the estate consists of any share holdings (stocks and bonds); it is likely that additional costs could range significantly depending on the estate and how it is to be dealt with*
If any additional copies of the grant are required, they will cost 50p (1 per asset usually)
If the estate includes any offshore or overseas assets, additional costs are highly likely and we may need to appoint an overseas lawyer to help administer those assets
Dealing with the sale or transfer of any property in the estate
If the estate includes a leasehold property and the lease is either short or defective.
*We would willingly issue a more accurate quote once we have obtained the information required.