01332 340 211

Administration of estates price transparency

Administration of estates

Flint Bishop’s charges are based on the complexity of the estate. Our charges are based on two factors:

  1. The time spent working on the matter; and
  2. A percentage based on the gross value of the estate.

Charging rates vary between our lawyers. The current hourly rates are:

Job role Price per hour
Partner (solicitor) £250.00 plus VAT
Senior associate (solicitor) £230.00 plus VAT
Associate (solicitor) £220.00 plus VAT
Senior associate (fellow of CILEx) £200.00 plus VAT
Trainee solicitor £175.00 plus VAT
Will writer or paralegal £125.00 plus VAT

These rates are exclusive of VAT at the applicable rate.

The percentage charge is based on 0.5% of the gross value of any property (i.e. houses, land and buildings) and 1% of the gross value of all other assets.

The exact costs will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.

For illustration purposes, we set out below an estimate of our costs to administer an estate containing a property worth £150,000.00 and other assets to the value of £50,000.00.

This estate would typically be allocated to a fee-earner charging £190.00 plus VAT per hour.

We anticipate the estate will take approximately 10 hours’ work at £190.00 plus VAT per hour (totalling £1,900.00 plus VAT) and the percentage charge will be calculated as follows:

0.5% of the gross value of a property of £150,000.00 £750.00 plus VAT
1.0% of the gross value of all other assets of £50,000.00 £500.00 plus VAT
Total costs are estimated at £3,150.00

We would handle the full process for you. This quote is for estates where:

  • There is a valid will.
  • There is no more than one property.
  • There are no more than three bank or building society accounts.
  • There are no other assets.
  • There are one or two beneficiaries who are also the executors of the will.
  • There are no disputes between the executors or beneficiaries. If disputes arise this is likely to lead to an increase in costs.
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC.
  • There are no claims made against the estate.

Disbursements not included in this fee

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • Probate application fee of £155.00 – sealed copies of the Grant cost 50p each (one per asset usually).
  • Bankruptcy – only Land Charges Department searches (£2.00 per beneficiary).
  • £80.00 plus VAT (approximately) Trustee Act Notice in the London Gazette (this protects against unexpected claims from unknown creditors).
  • £150.00 plus VAT (approximately) Trustee Act Notice in a local newspaper (this also helps to protect against unexpected claims).

Potential additional costs and time implications

Various complications could mean there would be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information, but some common complications are set out below:

  • If there is no will.
  • The estate consists of any shareholdings (stocks and bonds) and/or uncashed dividends.
  • If the estates contains business or agricultural assets.
  • If the estate contains non-UK assets or the person who has died was not domiciled in the UK.
  • If the person who died had made substantial gifts during their lifetime.
  • If there is a missing will or missing assets.
  • Beneficiaries cannot be identified or are abroad.
  • Inheritance tax is payable. To calculate the amount of inheritance tax that may be due please refer to the Government website.
  • The tax affairs of the person who has died are not up-to-date.
  • The estate is insolvent or has significant liabilities.
  • The executors named in the will lack capacity or die during the course of the administration.
  • A trust arises under the will.
  • Disputes arise between executors or between the executors and beneficiaries.

What is included?

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate lawyer to work on your matter.
  • Identify the legally appointed executors or administrators and beneficiaries.
  • Accurately identify the type of probate application you will require.
  • Obtain the relevant documents required to make the application.
  • Complete the probate application and the relevant HMRC forms.
  • Draft a legal oath for you to swear.
  • Make the application to the Probate Court on your behalf.
  • Obtain the probate and securely send two copies to you.
  • Collect and distribute all assets in the estate.
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within three to six months. Typically, obtaining the grant of probate takes between eight and 12 weeks. Collecting the assets then follows, which can take between two and six weeks.

Once this has been done, we can distribute the assets, which normally takes between two and four weeks. If the property is to be sold rather than transferred, this may mean the time taken to deal with the total estate will be longer.

Grant applications only

Alternatively, we can offer a fixed fee service for obtaining the Grant of Representation for Executors.

  1. Fixed fee of £800.00 plus VAT (£960.00 including VAT) if the estate can be dealt with using the HM Revenue & Customs form IHT205
  2. Fixed fee of £1,500.00 plus VAT (£1,800.00 including VAT) if the estate has to be dealt with using the HM Revenue & Customs form IHT400

Disbursements not included in this fee

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We may ask you to pay these disbursements directly.

  • Probate Court fee of £155.00 plus 50p per sealed office copy of the Grant
  • £5.00 or £7.00 swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)

What is included?

This includes obtaining the Grant of Representation only.

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate lawyer to work on your matter.
  • Identify the legally appointed executors or administrators.
  • Accurately identify the type of probate application you will require.
  • Complete the probate application and the relevant HMRC forms.
  • Draft a legal oath for you to swear.
  • Make the application to the Probate Court on your behalf.
  • Obtain the probate and securely send two copies to you.

How long will this take?

On average, estates that fall within this range are dealt with within four to six weeks of us receiving all of the information we require from you.

The team

For details of members of the team who may work on your matter please view our people page. They are supervised by Claire Rudkin.

Read more about our Wills, Probate, Tax and Trusts team

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Derby Head Office:
St. Michael’s Court
St. Michael’s Lane
Derby
DE1 3HQ
Tel: 01332 340 211
Fax: 01332 207 601
DX: 729320 Derby 24

Ashbourne:
54, St. John Street
Ashbourne
Derbyshire
DE6 1GH
Tel: 01335 342 208
Fax: 01335 342 010
DX: 26834 Ashbourne

Opening Times:
Our offices are open Monday to
Friday between 8:00am & 6:00pm

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