Probate Fees Pricing Guide

Reilly & Co can assist an Executor in administering every aspect of a person’s estate. This includes making, initial enquiries with banks, building societies and other third parties associated with the deceased. We also assist the Executor in obtaining a Grant of Probate and then distributing the deceased’s assets as per the terms of their Will or if they don’t have a valid Will in line with the Intestacy Provisions of England and Wales.

• On average this entire process takes between 12 and 35 hours’ work at £225 per hour, plus VAT (£270.00 inc VAT).
• Total costs estimated at £2,700 to £7,875 plus VAT (£3,240 to £9,450 inc VAT).

The exact cost will depend on the individual circumstances of the matter. The estimate given is for estates where:-

• • There is a valid Will
• • All Executors are in agreement
• • There is a single property
• • There are no claims made against the estate

We anticipate that the following disbursements (payments to others) will be payable on a typical estate:

• • Probate application fee of £273 plus £1.50 per copy Grant required (no VAT charged)
• • Bankruptcy-only Land Charges Department searches (£2.90 per beneficiary)
• • £80-200 (inc VAT) Statutory Notices to creditors (these protect against unexplained claims from unknown creditors)

The fee quoted above may be increased if it is found that the estate contains any of the following:

• • If there are a higher number of beneficiaries (or the whereabouts of a beneficiary is unknown)
• • If there are multiple properties or foreign assets
• • If the deceased made substantial lifetime gifts or had an interest in a trust
• • If the Will contains a trust

We can give you a more accurate quote once we have more information.

TIMESCALES

On average, simple estates that do not include any of the additional problems outlined above can be dealt with within 6 -12 months.
It is common for a Grant of Probate to be received within 8 – 14 weeks after we have obtained all of the necessary information.

Obtaining a Grant of Probate

Reilly & Co Solicitors offers a fixed-fee service where we obtain the Grant of Probate on behalf of an executor.
Once the Executor has provided us with the relevant information, we can then prepare the Inheritance Tax return and Legal Statement that will be sent to the Probate Registry.
The Executor then undertakes the process of collecting in and distributing the assets.
Our fees start at £1000+VAT and depend upon which HMRC forms need to be completed and whether there is any Inheritance Tax payable.

HMRC Form IHT205 only

Cost guide of:
• £1,000+VAT (£1,200 inc VAT)
• Value of estate is less than £325,000 or less and spouse/charity exemption applies.

HMRC Forms IHT205 & IHT2l7

Cost guide of:
• £1,500+VAT (£1,620 inc VAT)
• Value of estate is less than £650,000 and 100% of Inheritance Tax Nil Rate Band of first spouse is available to transfer.

HMRC Inheritance Tax Account IHT400 (all other scenarios)

Cost guide of:
• £2,000 to £2,500+VAT (£2,400 to £3,000 inc VAT)

Disbursements (payments to others) also payable:

Cost guide of:
• Probate application fee of £273 plus £1.50 per copy Grant required (no VAT charged)