You can instruct us on one of two bases and because we pride ourselves on being upfront about the work we will do and our charges we have outlined them here:
Take a look at our Probate Timescales page for more information.
|
Minster Law will: |
‘Excepted’ Estate
(Where the value of the Estate falls below the current Inheritance Tax threshold of £325,000) |
Other Estates |
| To make the application for the Grant of Representation
Typically taking 6-8 weeks |
- Ascertain the Estate: Assets & Liabilities
- Calculate & pay any Inheritance Tax due including preparation of the relevant tax forms
- Preparation of any affidavits or Deeds of Variation (if required)
- Preparation of the Oath for the Personal Representative(s) (including where necessary having the Oath settled)
- Apply to the Probate Registry for the Grant of Representation
- Collect in the assets for distribution by the Personal Representative(s)
|
Fixed Fee:
£575 + VAT & Disbursements
(Please note that in some cases the Probate Registry fee can be waived – ML Probate will arrange this where applicable) |
£575 + VAT
& Disbursement
+ Hourly rate of
£225 + VAT |
|
To fully administer the Estate
Typically taking 6-8 months |
In addition to the above we will also:
- Inform all Beneficiaries of their inheritance and advise as to potential claims against the estate by creditors providing indemnity forms where necessary
- Transfer joint assets to surviving owner(s)
- Identify and pay any tax due from the estate including Income Tax or Capital Gains Tax including the preparation of any paperwork required by HM Revenue & Customs
- Discharge the liabilities of the estate from the estate assets (including outstanding credit card bills, utility bills, funeral accounts, council tax, our legal professional charges etc.)
- Prepare the estate account noting all assets, liabilities & transactions
- Distribute the estate to the beneficiaries under the terms of the deceased’s Will or the Intestacy Rules (whichever is applicable)
|
Guaranteed 1.5% of the gross value of the Estate + VAT & Disbursements |
Where you wish us to fully administer an estate with a gross value over the Inheritance Tax threshold please call us on
0845 600 6988
for a free no obligation discussion |
* All prices quoted are subject to Minster Law Ltd. Terms & Conditions of Business
Probate Enquiry Form
