Below we have set out examples of pricing structures for full estate administration where no inheritance tax is payable.
This service is available, whether or not there is a valid will. We will take responsibility for the entire estate administration to ensure that all assets are identified and collected, liabilities are paid and the estate is correctly distributed to the beneficiaries entitled. Full details are set out below. It will usually be possible for us to arrange for all receipts and payments to be made through this firm’s client account. This avoids the need for an executors’ bank account to be opened. This firm’s charges will usually be paid from funds received into the estate so you will not need to pay our invoices personally.
This service includes the following:
Please note that the following are not included within our standard estate administration service:
Please note that all of the price guidelines below are based on the following assumptions:
Our charges for this service will usually be between £2,500 and £6,500 plus VAT. The actual charges will depend on a number of factors as listed above.
In addition to our charges there will be the following expenses (this is not an exhaustive list):
You may need to provide funds to pay some of these expenses, particularly those that have to be paid before the grant of probate is issued.
We would usually expect the grant of probate to be issued within 3 months of receiving your instructions to deal with the estate administration. The estate will usually be fully completed within 6 months although some aspects may take longer to complete, for example, finalisation of Income Tax position.
Once we fully understand your needs, we will assign your case to the most appropriate member of our team. All work done by the team is ultimately supervised by the Team Leader or one of the other partners in the team. The lawyers in our team are supported by paralegals and other assistants to ensure that your case is handled efficiently and cost-effectively.