Pricing

The costs are based upon an hourly rate set and approved by the Court of Protection.

Estimate of £1,500 – Applications to appoint a Deputy

Estimate of £2,000 – Application for a Statutory Will

Estimate of £2,000 – Applications for other matters by existing deputies or attorneys

Additional Costs:

Estimate of £100 and £400 (fees charged by a doctor) – Mental Capacity Report

£365 – Court application fee

£1,495 – Grant application only (IHT400)
£2,500 – Cross border estate planning report
£3,000 (plus £500 per country) – Full Administration (non-taxable estates)
£5,450 (plus £500 per country) – Full Administration (taxable estates)

Additional Costs:
£155 – Probate Registry application fee
£1.50 – Copy Grant Fee (per copy)

For one person:
£400 – Property and Financial Affairs
£400 – Health and Welfare
£500 – Both Property and Financial Affairs AND Health and Welfare

Additional Costs:
£82 – Office of the Public Guardian Fee for registering one Lasting Power of Attorney
£164 – Office of the Public Guardian Fee for registering two Lasting Powers of Attorney
£100 – Revoking an existing Enduring or Lasting Power of Attorney
£200 – Registering an Enduring Power of Attorney
£200 – Cross border (notarised or apostilled) per document

For two people:
£600 – Property and Financial Affairs
£600 – Health and Welfare
£700 – Both Property and Financial Affairs AND Health and Welfare

Additional Costs:
£164 – Office of the Public Guardian Fee for registering two Lasting Power of Attorney
£328 – Office of the Public Guardian Fee for registering four Lasting Powers of Attorney
£200 – Revoking an existing Enduring or Lasting Power of Attorney
£200 – Cross border (notarised or apostilled) per document
£400 – Registering an Enduring Power of Attorney

Business Lasting Powers of Attorney:
£800 – for one business owner/director
£1,000 – for two business owners/directors
£1,200 – for three business owners/directors
£1,400 – for four business owners/directors

Additional Costs:
£82 – Office of the Public Guardian Fee for registering one Business Lasting Power of Attorney
£164 – Office of the Public Guardian Fee for registering two Business Lasting Powers of Attorney
£246 – Office of the Public Guardian Fee for registering three Business Lasting Power of Attorney
£328 – Office of the Public Guardian Fee for registering four Business Lasting Powers of Attorney
£200 – Cross border (notarised or apostilled) per document

Additional Services:
£300 – Ordinary Power of Attorney
£500 per year – Annual checking service
£1,000 per year (minimum fee – total based upon value of estate) – Acting as professional attorney

Grant application review

The review service provides you with a review of the Grant application papers that you have prepared yourself.

Our fees: £450

Disbursements: None

Estimated timescale: up to two weeks

Your solicitor: Paul ClarkTEP

 

Grant only service

We will deal with the Grant application which includes completion of the statement of truth, completion of the Inheritance Tax return and all correspondence with the Probate Registry. The personal representatives are responsible for obtaining and verifying the information required for the grant application and for completing the remainder of the estate administration. A summary of the overall process is given below.

1. You will need to provide us with full details of the value of all assets and liabilities of the deceased.
2. We will prepare the papers required to apply for the grant.
3. We will meet with you to review and sign the probate papers. Although we will usually meet with you, if you live away this can be dealt with by post.
4. We will submit the grant application to the Probate Registry including paying registry fees. If Inheritance Tax is payable on the estate, either all or a proportion of the tax needs to be paid at this stage.
5. The grant is normally issued about three to four weeks after the application.
6. The grant is sent to you with copies of the grant application documents.
7. You will deal with the remainder of the estate administration.

Our fees:

£600 – If we need to complete IHT205 (for straightforward cases)

£995 – If we need to complete IHT400 (for more complex cases)

Disbursements (that apply in every case):

£155 – Probate Registry – Grant application fee

£0.50 – Probate Registry – Copy Grant Fee (per copy)

Please note, there may be other disbursements due but they are different . We will always notify you before we start work if there are other disbursements due.

Estimated timeframe: Up to six weeks in total if an IHT205 needs to be completed or up to twelve weeks if an IHT400 is required.

Your solicitor: Paul ClarkTEP

 

Full administration service

We will deal with the entire administration process from start to finish. A summary of the overall process is given below.

1. Obtain full details of the value of all assets and liabilities of the deceased. Often a formal value of furniture and personal effects is required but we will advise you if an estimated valuation is sufficient. Similarly, we will advise you if a valuation of a house or other property is required. Values of all jointly held assets are also needed.
2. Prepare papers to apply for probate.
3. Review and signing of probate papers by the personal representatives. Normally we will have a meeting with them at this stage but if they live away this can be dealt with by post.
4. Apply to the Probate Registry for probate including paying registry fees. If Inheritance Tax is payable on the estate, either all or a proportion of the tax needs to be paid at this stage.
5. Probate is normally issued about three to four weeks after the application is submitted.
6. Register the grant of probate, obtain and complete relevant account closure forms.
7. Place advertisements for statutory notices to creditors (if required).
8. Collect in cash assets.
9. Pay funeral account, if not already released from an account earlier, and all other bills.
10. Settle with HM Revenue and Customs income tax to date of death and deal with any other outstanding matters.
11. Contact Department of Works and Pensions to settle state benefits such as pensions. In cases where the deceased had been receiving means tested benefits, enquiries will need to be answered concerning the deceased’s assets.
12. Pay legacies.
13. Obtaining inheritance tax clearance certificate (if required).
14. Meet with beneficiaries to review their personal financial and inheritance tax position.
15. Prepare interim estate accounts and send these to the personal representatives for approval.
16. Once the personal representatives have approved the accounts, we will send the accounts to the beneficiaries for their approval.
17. Make interim payments to residuary beneficiaries if possible and required.
18. Arranging transfer of any property to beneficiaries including registering with HM Land Registry and fees.
19. Completing income tax returns to cover all income and capital gains arising during administration.
20. Prepare final estate accounts and send these to the personal representatives for approval.
21. Once the personal representatives have approved the accounts, we will send the accounts to the beneficiaries for their approval.
22. Make final payment and send to the residuary beneficiaries.
23. Send copies of all the important estate documents to the personal representatives

Our fees:

£2,500 – If no Inheritance Tax is due (for straightforward cases)

£4,950 – If Inheritance Tax is due (for more complex cases)

£500 – Additional fee for cross border estate administration fee (per country)

Disbursements (that apply in every case):

£155 – Probate Registry – Grant application fee

£0.50 – Probate Registry – Copy Grant Fee (per copy)

Please note, there may be other disbursements due but they are case dependant. We will always notify you before we start work if there are other disbursements due.

Estimated timeframe: Between four and six months in total if no Inheritance Tax is due and between eight and twelve months if Inheritance Tax is due.

Your solicitor: Paul ClarkTEP

£300 – Renunciation of inheritance
£400 – Deed of Variation
£1,500 – Inheritance Tax planning report
£2,000 – Succession and Intergenerational estate planning report

£750 (plus £100 for each extra trust) – Creating a lifetime trust
£750 (plus £100 for each extra trust) – Payments from trust
£450 (plus £100 for each extra trust) – Appointment/removal of trustees
£450 – Advice to trustees
£500 plus £300 per £100,000 of assets (cost per year) – Trust administration (ongoing advice service)
£1,500 – Acting as Professional Trustee for non taxable trusts
£3,000 – Acting as Professional Trustee for taxable trusts

For one person:
£200 – codicil
£250 – standard will
£300 – standard will and property protection
£350 – standard will, property protection and further protection
£400 – standard will, property trust, further protection and business protection

Additional Costs:
£100 – For wills involving foreign jurisdictions
£3 – Land Registry fee for checking the title to a registered property

For two people:
£250 – codicil
£350 – standard wills
£450 – standard wills and property protection
£550 – standard wills, property protection and further protection
£650 – standard wills, property trust, further protection and business protection

Additional Costs:
£200 – For wills involving foreign jurisdictions
£3 – Land Registry fee for checking the title to a registered property

£950 – Wills and Lasting Powers of Attorney

£1,950 – Inheritance Tax Planning Report, Wills and Lasting Powers of Attorney

£1,300 – Wills for parents and children

£2,500 – Wills and Lasting Powers of Attorney for parents and children

£3,950 – Succession and Intergenerational estate planning report, Wills and Lasting Powers of Attorney for parents and children

£1,750 – Inheritance Tax Planning Report and Trusts

£2,250 – Inheritance Tax Planning Report, Trusts and Wills

£3,500 – Cross Border Estate Planning Report, Wills and Lasting Powers of Attorney