Probate Pricing Information
Applying for the grant, collecting and distributing the assets.
We expect that to administer an estate similar to the example given below will take between 20 to 30 hours of work at between £285 (for a junior associate) to £565 (for a senior partner) per hour. Day-to-day work will usually be managed by an associate with a partner overseeing the administration as a whole. Total costs are likely to range between £7,500 to £12,000 (+ VAT and disbursements), but the exact figure will depend on the circumstances.
We shall handle the full process for you.
This estimate is for estates where:
- There is a valid will.
- There is no more than one property. (This does not include the costs of sale).
- There are no more than 2 bank or building society accounts.
- There are no other intangible assets.
- There are up to 2 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 no claims made against the estate.
- All the assets are in the UK.
Disbursements excluded from this estimate:
- Probate application fee (£155).
- Swearing of the oath (£7 per executor)
- Bankruptcy-only Land Charges Department searches (£2 per beneficiary).
- Post in The London Gazette and in a local newspaper – protects against unexpected claims from unknown creditors (approximately £300)
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 shareholdings (stocks and bonds) there are 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 estimate once we have more information.
- If any additional copies of the grant are required, they will cost 50p (1 per asset usually).
- Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
On average, an estate is dealt with within 6-12 months. Typically, obtaining the grant of probate takes 2 to 4 months. Collecting assets then follows, which can take between 2 to 4 months. After this, we can distribute the assets, which normally takes a further 2 to 4 months.