Wills and Probate

wills_probateARE YOU WILL AWARE? Most people know that a will allows them determine who will receive their property when they die. If you die without a will, the state decides who gets what, regardless of their circumstances. Similarly, preparing a power of attorney enables you to appoint someone else to deal with your financial affairs and make healthcare decisions, should you become mentally incapable. Despite this, relatively few people have these arrangements in place. It is important to have a will or a power of attorney, but more important to do it right.

Do you have a will that is current and contains all your wishes? Do you have an old will that needs amending? Have you made adequate  and legally binding arrangements for your loved ones? Have you made proper arrangements for your child if the unexpected happens?

Anderson Browne Solicitors provides a quality will-writing service that is tailored to the needs of our clients, and at competitive fixed rates that offer peace of mind. We offer home visits, and emergency and out of hours service (ask us about our rates for these additional services).

We also give free Seminars several times a year providing valuable information about these crucial issues. Our Seminars are well received as they simplify issues concerning wills and probate; and highlight the benefits of preparing wills, and powers of attorney etc, and provide a forum for questions and answers. Contact us for more information if you are interested in arranging a free seminar (you will require a suitable venue and at least 10 people attending).

A summary of our services include:

  • Quality Will Writing Service (first time / making changes)
  • Lasting Power of Attorney (financial / property / healthcare)
  • Probate Application and Estate Administration

 

UNCONTESTED PROBATE AND ESTATE ADMINISTRATION

Hourly rate:

At the lower range, this type of work will typically take between 8 to 12 hours at an hourly rate of £250.00 per hour. The more issues or complexities involved in a matter; the more time will be required. The final cost will depend on the individual circumstances, complexity and duration of the matter.

Simple case Medium complexity High end /Complex
The estate will typically have no more than three beneficiaries, up to one property, no more than three bank accounts, no shareholding and no Inheritance tax due. Costs could be in the range of £1,500.00 to £4,000.00 excluding VAT and disbursements. The estate is slightly bigger than at the lower end, may have some shareholding, various bank accounts, one property eligible for RNRB, but no liability for inheritance tax. Costs could be in the range of £4,500.00 to £6,000.00 excluding VAT and disbursements. The estate is more sizeable, complex, or liable for inheritance Tax. Costs will start from £6,000.00 excluding VAT and disbursements. Fees will be assessed at the beginning and reviewed at various stages and you will be kept informed throughout the process.

 

Work included in fixed fee:

  • Applying for the grant, collecting in and distributing the estate assets
  • Providing you with a dedicated and experienced probate solicitor to work on your matter
  • Identifying the legally appointed executors or administrators and beneficiaries
  • Accurately identifying the type of Probate application you will require
  • Obtaining the relevant documents required to make the application
  • Completing the Probate Application and any relevant HMRC forms
  • Drafting a legal oath for you to swear
  • Submitting the application to the Probate Court on your behalf
  • Obtaining the Probate and securely sending copies to you
  • Collecting in and distributing all assets in the estate

 

Standard Terms for Fixed fee cases:

  • There is a valid will.
  • There are no disputes between beneficiaries. If disputes arise after a fixed fee is agreed, this will lead to an increase in costs.
  • There are no claims made against the estate.
  • Any change of circumstances that makes the matter prolonged or complex will lead to an increase in costs.

Disbursements (i.e. expenses):

Disbursements (i.e. expenses), are costs related to your matter that are paid to third parties, such as court fees, experts, barristers etc. These expenses are never included in our fees. We require funds on account, in order to handle these expenses to ensure a smooth process. The usual disbursements include (but not limited to):

  • Probate application fee of £155.00
  • £7.00 to £10.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • Additional copies of the grant cost 50 pence each
  • £93.00 to £95.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £450.00 to £500.00 Post in a Local Newspaper – This helps to protect against unexpected claims.

Additional costs

  • There will be additional costs for any of the following reasons: no will, estate consists share holdings (stocks and bonds), including mixed portfolios, size and complexity of the estate, tracing missing heirs. We can give you a more accurate quote once we have more information.
  • Dealing with the sale or transfer of any property in the estate is not included.
  • If Counsel (i.e. a barrister), is engaged for an opinion or to advise or draft a Deed of Variation, then Counsel’s costs will probably in the range of £1,500.00 to £2,500.00 excluding VAT), this will be confirmed at the time of instruction.

How long will my matter take?

On average, the probate process, and estate administration takes within 4 to 6 months.

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