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Our legal fees for administering a straightforward UK estate, whether or not there is a valid will, are usually in the region of 2.5% of the value of the gross assets, with a minimum fee of £2,500 plus VAT. This is for the full estate administration, but if assistance is required for only some specific elements of the administration, we can agree specific fees for the work required.
Our solicitors will always discuss the overall fee with you before we start any work and we won't start any work until the fee is agreed on by you and your family.
As an example, a fixed percentage based on the gross value of the estate assets (e.g. 2.5% of the value of the gross assets plus VAT) based on an estate value of £395,000 would be £9,875 plus VAT but this may go up or down depending on the final estate value.
However the exact legal fee may vary depending on the composition of the estate assets and liabilities and their values. The percentage rate may vary if:
Payments to third parties (disbursements) in addition to our legal fees
These typically include items such as*:
Any fees & disbursements, debts and Inheritance Tax payable will be paid from the assets of the estate.
*This is not an exhaustive list.
Further charges may apply for the following (for which an additional estimate can be given, either as a fixed fee or according to estimated extra time):
Additional work that may be needed:
Additional work that may add value:
Post Death Planning
The new relief for Inheritance Tax on homes, introduced in 2017, is particularly complicated and in some cases additional work may be needed if the most effective use is to be made of this relief. This sometimes only becomes apparent as the estate develops, as it may depend on various factors, and is not always clear at the start.
If we identify any potential to better use the relief in your case, we would give you an estimate of additional fees for the advice and documents that would be needed to achieve the benefits, to give you the option whether to do this further work. The standard fixed fee Probate service is designed to administer the estate as it appears, on the information you give to us, and this would be additional work.
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