At Springle & Co. Solicitors we believe in transparent pricing so you know exactly how much you are going to pay right from the start.
Fixed Fees for Wills (Prices include VAT@20%)
|Simple Single Will||£300|
|Simple Mirror Wills||£360|
|Mirror Wills including Life Interest Trusts||£900|
|Mirror Wills including Discretionary Trusts||£1020|
|Severance of Joint Tenancy||£120|
Lasting Powers of Attorney – Property and Financial Affairs and Health and Welfare (Prices include VAT@20%)
|Single Lasting Power of Attorney, one type||£350||£420 + £82 Registration Fee||£502|
|Single Lasting Power of Attorney, both types||£450||£540 + £164 Registration Fees||£704|
|Mirror Lasting Powers of Attorney, one type||£450||£540 + £164 Registration Fees||£704|
|Mirror Lasting Powers of Attorney, both types||£650||£780 + £328 Registration Fees||£1108|
|Registration of an Enduring Power of Attorney||£450||£540 + £82 Registration Fee||£622|
* excluding fees.
Fixed Fees for Straightforward Grant Applications, Deeds and Property Transactions (Prices include VAT@20%)
|Application for a Grant of Probate||£625||£780 + £273 Probate Registry Court Fee||£1053|
|Application for a Grant of Letters of Admin||£625||£780 + £273 Probate Registry Court Fee||£1053|
|Registration of Deceased Joint Proprietor||£125||£150|
|Deed of Renunciation||£250||£300|
|Deed of Variation of a Will or Intestacy||£250||£300|
|Removal of a Restriction||£200||£240|
|Assent of a Registered Freehold Title||£350||£420 + £45 Land Registry Fee **||£465|
|Transfer of a Registered Freehold Title||£350||£420+ £45 Land Registry Fee **||£465|
* excluding fees.
** Land Registry Fee is dependent upon the value of the property
Estate Administration Fees
Our bespoke service means that you can benefit from as much or as little support as you need. Our aim is to make our charges fully transparent so that you are aware from the outset how much the work is likely to cost.
We offer a free initial consultation to determine the complexity of the work, following which we will provide you with a quote for our charges.
The value of the estate to be administered does not necessarily determine the level of the charges. Matters which are likely to have an impact on charges are the volume and nature of the investments held by the deceased, whether the deceased owned any assets in a foreign country, the number and the location of beneficiaries, any liability to inheritance tax, lifetime gifts made by the deceased, issues regarding the validity of the Will, trusts of which the deceased was a beneficiary, trusts created during the lifetime of the deceased or by the Will and disputes within the family.
It is very difficult at the beginning of a matter to accurately estimate the amount of time it is going to take to administer an Estate, and therefore how much it is going to cost. However, to illustrate the likely costs involved, here is a guide to the work we will carry out and our fees based upon a straightforward Estate Administration matter comprising one property, three bank accounts and two beneficiaries.
- Arranging date of death valuations of the assets of the Estate;
- Ascertaining the outstanding liabilities of the Estate at the date of death;
- Notifying beneficiaries of their entitlement under the Will and obtaining identification for anti-money laundering purposes;
- Notifying utility providers of the death;
- Completing the necessary forms for HMRC;
- Submitting the application to the Probate Court and dealing with any issues arising from the application;
- Collecting in the assets of the Estate and reconciling the funds received;
- Discharging outstanding liabilities;
- Placing Statutory Notices in a local newspaper and the London Gazette;
- Arranging for a property to be marketed for sale;
- Finalising the income tax position of the deceased up to the date of death and for the period of administration;
- Preparing Estate Accounts and arranging for them to be approved by the Executors;
- Carrying out bankruptcy searches on beneficiaries;
- Paying legacies;
- Distributing the Estate.
Distributing the Estate
We anticipate that it would take approximately 10 to 15 hours of time to carry out these tasks.
We charge on an hourly rate of £300 Including VAT @ 20%. The total estimated charges would be between £3,000-£4,500.
The Probate Registry Court fee is £273 and each copy of the Grant, needed for each asset of the estate, is £1.50.
The cost of placing Statutory Notices, if required, is approximately £300 and the cost of Bankruptcy Searches are £2 each.
If less time than anticipated is spent on the tasks listed above, our charges will obviously be less.
For Estates that are more complicated, for example if there is inheritance tax to pay, or trusts are involved, the charges are likely to be higher but an estimate would be provided at the outset of the matter.