Costing for Wills & Probate

How much will they cost?

Depending on the complexity of your situation, our fees for preparing a single will are £500.00 + VAT and mirror wills (for a couple) are £750.00 + VAT.  This includes meeting to discuss your wishes, obtaining instructions, opening a file, drafting the will and advising you on the clauses contained within. We also provide the option to all our clients to store the original Will with us.

How long will it take?

Timescales for preparing wills may vary although we aim to finalise the wills within one week of being instructed.

Probate

How much will it cost?

Our usual fees for conducting probate matters are 1.25% + VAT of the value of the estate or £5,000.00 + VAT (whichever fee is higher).  This includes all work conducted on the matter such as dealing with all 3rd parties such as the banks and building societies, insurance and pension companies, and estate agents if applicable, property and will searches if required, serving notice on your behalf, preparing and submitting tax accounts to HMRC, obtaining a Grant of Probate and advise on distributing the estate.

Disbursements

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

  • Valuation fees – approximately £200.00
  • Land Registry fees – approximately £10.00
  • Swearing an oath – approximately £10.00 per executor
  • Probate application – £155.00 plus 50p for each sealed copy of the Grant of Probate
  • Share sale charges – brokers fees including indemnity fees – dependent on the case.
  • Bankruptcy Search fees – £2.00 per beneficiary
  • Notice in the London Gazette – £62.15
  • Notice in the local newspaper – prices vary as the price depends on the local area in which the deceased was occupying

How long will it take?

We aim to finalise probate matters as quickly as possible.  The timescales vary from case to case depending on the assets and where are they based, however, obtaining the Grant of Probate typically takes 12-20 weeks and collecting in the majority of the assets (i.e. closing bank accounts and selling shares) generally takes up to 12 weeks after obtaining the Grant of Probate.

We are continuing to monitor the current situation and taking Coronavirus very seriously. Amid these unprecedented times, we are also following the advice from the U.K. Government.
While you should protect your well-being and stay at home, you may also have pressing legal issues that require urgent attention. In that case, we are fully equipped to facilitate your meetings with our lawyers through video conference or over the phone.
For all enquiries please contact us at:

+44 (0)20 8371 7400
enquiries@lesterdominic.com
We are here to help!