Fees relating to Administration of Estates

We provide practical advice in respect of your Will and Probate matters. There are various tasks which need to be completed. After a person has died and before the estate can be administered, and if a person has left a Will, then you are likely to have to apply for Probate. Probate provides the executor legal authority to deal with the assets of the estate and before making this application, certain information will need to be provided to the Inland Revenue. Where the deceased died with no Will, it is likely that Letters of Administration will need to be applied for before the relative or friend who makes the application can begin to administer the estate.

The amount of work which needs to be done depends on the complexity of the estate, including for example;

In the case of small estates where the deceased left a Will and there is no Inheritance Tax to pay, we would estimate our costs at between £2,000 plus VAT and £3,000.00 plus VAT.

If no will has been left and the estate is very small and consists of only a few assets, say a property and 2 or 3 bank accounts, then we would expect the fees to come at the lower end of the spectrum. However, if there are more beneficiaries or a greater number of assets, then the fees might be towards the higher end of the range.

If the estate is small and the beneficiaries easily identifiable, then we expect the fees to come within a similar range except that we will need to take steps to check that there are no Wills in existence of which beneficiaries are unaware and to protect the administrator (the person who will be taking Letters of Administration in order to administer the estate) against any future claims on the estate.

If the estate is larger and a full Inheritance Tax account needs to be filed, then we find that clients prefer to be charged an hourly rate. In this case the hourly rates charged by Rae Nemazee are as follows:

Susan Rae and Elizabeth Williams£215.00 per hour plus VAT
Buddhima Herath£195.00 per hour plus VAT
Sarah Javed£90.00 per hour plus VAT

Once we have had an opportunity to discuss the issues with the beneficiaries or executors of the estate, then we will be able to give an estimate of the costs of the time we expect the administration to take. In the case of both small and large estates would be affected by various issues such as:

As an indication it is likely that in an estate worth up to £1,500,000.00; a cost of between £5,000.00 and £7,000.00 plus VAT and in an estate worth between £1,500,000 and £3,000,000 between £8,000.00 and £10,000.00 plus VAT.

Probate Fee is currently £160.00 - this includes copies of the Grant of probate/letters of Administration.

Statutory Advert will come to around £300.00
Office copy entry of titles at the land Registry £3.00.

Contentious Probate

Sadly, situations sometimes arise where

These issues can be both complex and very often highly emotive.

We can advise in connection with these issues as they arise and give guidance through what it is often complex legal issues which can be highly emotive.

If you would like more information on our fees then please contact us, and we will be happy to discuss the fee structure.