Cost Information and Timeline
Obtaining a grant of representation and dealing with the administration of an estate can be complicated; it can take several months to make sure everything is done properly. At Thomas Mansfield Solicitors we offer a complete estate administration service to deal with everything for you.
An ‘estate’ means the value of all your assets including the family home, savings and possessions.
Every estate is different, which is why we encourage you to contact us so we can provide you with an estimate outlining a range of potential fees to make sure that you get the right amount of support to meet your individual circumstances. We will update you regularly on your costs throughout the matter so you can stay in control throughout.
We will do the following:
- advise you in connection with obtaining the appropriate grant of representation to the estate;
- advise you in connection with the administration of the estate; including the legal, taxation and administrative matters.
We will not provide advice in relation to dealing with actual claims made against the estate, or contentious matters in dealing with the administration of the estate – these would be a separate matter, however we are able to co-ordinate with other professional advisers on how this impacts the administration of the estate but only to the extent specifically agreed in writing between us (which may incur an additional cost).
An example of our costs
The below price information is a general indication of costs based on our experience.
We estimate a fixed fee cost is likely to range between £1,750 and £2,500 plus VAT and disbursements* for a straightforward grant of probate and administration of an estate, for estates in England and Wales, where:
- there is no more than one property in the sole name of the deceased
- there are no more than three bank accounts
- there are no debts (other than utility bills)
- there is a valid will appointing executors
- there is a single beneficiary
- there are no complications
*Disbursements (costs or expenses related to your matter that are payable to third parties)’
|Office copies for the grant of probate (per copy)||£0.50||none|
|Post in the local newspaper||£185.00||none|
|Statutory Advert in the London Gazette||£62.15||none|
* Please note that the government has issued proposals to increase fees in the future. We will attempt to make the application for the grant before the fee changes but due to the nature of the process and reliance on third parties this may not be possible.
The following factors are likely to increase the cost of your matter:
- not having all of the paperwork available, or having missing or incorrect information that needs investigation and correction;
- third parties not responding to our communications promptly;
- dealing with unusual or complex assets or items (for example: fine art; foreign assets; timeshares; shares in private companies etc).
As soon as any complications arise we will discuss these with you and agree the fee for the additional work being carried out in advance of any additional work being undertaken.
The process is likely to take between four to twelve months.
Steps in the process
- Instruct one of our private client solicitors
We will take information from you (instructions) on the level of support you need. We will provide an estimate of the work we consider will be required, including a more accurate timescale
If you accept the estimate we will provide you with a client care letter with details regarding our terms and conditions. Once we have your signed terms and conditions of business we will take you through the initial steps required – mainly information and document gathering – and describe the rest of the process to you, and how long it will all take.
Generally our fees will be paid from the deceased’s estate. If there are any unusual circumstances in this regard, you can discuss how payment may be made with your solicitor.
- Legal work
You will provide any documents we require.
We will prepare necessary information and documents, including inheritance tax returns and the administrator’s oath to support you during the various stages of the process, including the submission of the probate application.