Our Charges – uncontested probate cases with all assets in the UK
Basis of charging
We do not charge a fixed fee for probate work. Our hourly rates range from £95 to £285 per hour (plus VAT) based on the level of qualification and experience.
Our fees are based on the team member’s hourly rate and are calculated on the basis of the time spent, taking into account the size and complexity of the estate. We will ensure work is done at the appropriate and most cost effective level to mitigate costs.
Estimate of fees
- In our experience, likely costs on a simple estate consisting entirely of UK assets equate to between 1% and 3% of the gross estate (the total value of the assets of the estate before deducting any liabilities, costs, funeral costs or inheritance tax)
- This is just an estimate of our fees to cover the work required to administer an estate and the exact costs will depend on the circumstances of the estate
- Small estates are likely to require a minimum of 10 hours to administer
- If the sole beneficiary is the deceased’s spouse and there are no investments, costs are likely to be at the lower end of the range
- Features which could make an estate more complex include:
- multiple beneficiaries
- investments or trusts involved
- missing beneficiaries
- disputes between beneficiaries regarding the distribution of assets
- Our costs can be settled from estate funds
What is not covered?
If it is necessary to transfer a residential property into the names of beneficiaries or trustees, or sell a property, this will be dealt with by our Residential Property team. Details of their charges can be found in our Residential Property section.
Other professionals and potential costs
It may be more cost effective for other professionals or agencies to deal with aspects of the administration. We may instruct:
- Accountants to deal with tax compliance for income tax and capital gains tax
- Investment managers to deal with numerous shareholdings
- Agencies to find missing beneficiaries
- Insurance brokers to protect the executors
In these circumstances, the professional’s or agency’s costs will be charged separately. We can obtain a quote for these services when we have more information.
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf. These may include:
- Trustee Act notices in the London Gazette and local newspaper to protect against unexpected claims from unknown creditors – approx. £250 – £300 plus VAT
- Oath fees – £5 per executor and £2 per additional document
- Probate fees – £155 for a grant of representation plus 50p per office copy
- HM Land Registry bankruptcy searches – £2 plus VAT per name per search
- HM Land Registry office copies – £3 plus VAT per property title search
Key Stages – what will Raworths do for you?
The fees set out above cover all the work in relation to the following key stages of the administration of an estate:
- Taking your initial instructions and providing advice
- Identifying and advising the legally appointed executors or administrators
- Identify the assets and liabilities of the estate
- Drafting probate papers and the HMRC inheritance tax account and applying to the Probate Registry for the grant of representation
- Advising on any inheritance tax liability, and possible exemptions or reliefs, and completing the necessary inheritance tax accounts
- Collecting in the assets of the estate and settling the outstanding liabilities
- Calculating and settling income tax and capital gains tax liabilities of the estate during the administration period
- Preparing estate accounts and arranging for them to be signed by the personal representatives
- Distributing the estate
This is an illustration only. The work carried out will be tailored to your specific needs and set out in the Confirmation of Instructions letter.
The time taken from your initial instructions to obtaining the grant of representation will typically take approximately 3-6 months and up to 9 months to complete the administration thereafter. However, this timescale is just an estimate and in some circumstances, it can take much longer.