fbpx Skip to main content
CALL US: 01482 323 697
Transparency Rules – Probate (uncontested cases with all assets in the UK)

Transparency Rules – Probate (uncontested cases with all assets in the UK)

Administering an Estate

When someone dies, the decisions to be made and the action to be taken can be confusing. Dealing with the loss of a relative or a friend can be a difficult time and most people are unsure what action to take. At Williamsons we are here to help and can handle the full process for you. This quote is for straightforward estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 2-3 bank or building society accounts
  • There are no other intangible assets
  • There are 2-3 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Costs are estimated at between £3,000 and £5,000 (+VAT), based on an hourly charging rate of £190. The exact time and cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range and the time it takes to complete the administration will be quicker. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end and the administration will take longer.

Disbursements not included in this fee are:

  • Probate application fee of £155 (with additional copies at 50p) (Please note that this may change as the fees are due to increase shortly)
  • £13 Swearing of the oath (per executor, where there is a Will)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • £200 Post in The London Gazette which protects against unexpected claims from unknown creditors.

Potential additional costs

  • If there is no Will or the estate consists of any share holdings (stocks and bonds), there are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. 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.

We anticipate a straightforward estate will take between three to six months to obtain a Grant and a further six to twelve months to complete administration of the Estate.

If Williamsons Solicitors are appointed as Executors on a Will, an Estate will not be distributed until 10 months after the issue of the Grant.

If an Estate requires a full inheritance tax return or where it is necessary to claim the transferable nil rate band or claim the main residence nil rate band for example or where there are significant number of assets or beneficiaries, this will mean that legal fees will be more that those quoted above and the time scale to complete the process make take longer.  However, you will be given a quote once we have all of the information.

What’s Involved in Administering an Estate

Age UK have provided a very good fact sheet about what is involved in administrating an Estate. This is an independent fact sheet, it will give you a good idea if the process, what is involved and why it is often a very good idea to instruct professionals, such as Williamsons Solicitors to assist in navigating this process.

https://www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/fs14_dealing_with_an_estate_fcs.pdf

Why Instruct a Professional to Deal with the Administration of an Estate?

There is very good, independent advice about when it is a good idea to consult a specialist, such as Williamsons Solicitors to assist you with dealing with and application for a Grant of Probate or to deal with the administration of a friend or relative’s Estate from start to finish, this can be found on the Money Advice Service website: https://www.moneyadviceservice.org.uk/en/articles/when-to-use-a-probate-specialist.

Williamsons Solicitors are happy to assist on those Estates and the simpler ones, if you simply don’t feel comfortable dealing with them, don’t have the inclination or just don’t have the time.

Will the Estate be Taxable?

To find if an Estate is taxable to give you an idea whether your friend or loved ones Estate would be a simple administration or not, why not look at the https://www.gov.uk/inheritance-tax.  Williamsons Solicitors are probate specialists who would be able to assist and advise you throughout this, often complex process.

Grant of Probate Only

We can help you get started with administering an estate by obtaining the Grant of Probate on your behalf. This includes completing the relevant Inheritance Tax forms for HMRC and preparing the probate papers, including the Oath. You would be responsible for providing us with the relevant figures for the valuation of the Estate. Please see: https://www.gov.uk/valuing-estate-of-someone-who-died for more information on this.  Once the Grant is extracted, you will be able to administer the estate.

Our legal fees start at £500 plus VAT for straightforward Grants. In addition, disbursements may be incurred on top of this fee, including;

  • Probate application fee of £155 (with additional copies at 50p) (Please note that this may change as the fees are due to increase shortly)
  • £13 Swearing of the oath (per executor, where there is a Will)

If the Grant is likely to be complex, such as in estates where inheritance tax is payable or a transferable nil rate band is being claimed, the costs will be higher and we will be able to give you a more accurate quote once we have more information.

A Grant of Probate can usually be obtained within 6 weeks.

You may find some of the links above useful in determining whether you wish to instruct to obtain a Grant only or whether you decide it may perhaps be worthwhile instructing a professional to carry out the full administration of your friend or relative’s Estate.

Wills

For a straightforward Will, our fees are £150 (+VAT) for a single Will and £250 (+VAT) for mirror Wills. If you require a more complex Will, such as those including a trust, we will give you a more accurate quote once we have more information about your needs.

We aim to send a draft Will out to you within two weeks of receiving your written confirmation of instructions.

Why it is important to have a Will

For information about the difference having a Will makes see our fact sheet here and who inherits where this is no Will,  https://www.gov.uk/inherits-someone-dies-without-will

Lasting Powers of Attorney

We charge a fixed fee as follows:

  • One Lasting Power of Attorney is £442, e.g. a single Property and Financial Affairs Lasting Power of Attorney
  • Two Lasting Powers of Attorney are £764 e.g. one person wanting Lasting Powers of Attorney for both Property and Financial Affairs and Health and Welfare issues or a couple both wanting Property and Financial Affairs Lasting Power of Attorney
  • Three Lasting Powers of Attorney are £1,086.
  • Four Lasting Powers of Attorney are £1,288. g. a couple wanting Lasting Powers of Attorney for Property and Financial Affairs and Health and Welfare issues

All fees included preparation and registration costs, VAT and the Court fee required to register the documents.

Lasting Powers of Attorney matters can take six months or more to be completed as they have to be registered with the Office of The Public Guardian, which can take up to three months.

Why it is important to have a Lasting Powers of Attorney

For information about why it is important to make a Lasting Power of Attorney please see our fact sheet here and to find out what happens if you don’t have a lasting Power of Attorney, you’ve lost capacity, and someone needs to deal with your affairs.

USEFUL INFORMATION

Choice Legal Providers

It is important that you are aware of the choice of legal providers that are available and looking at the Legal Choices website will assist you in making decisions about the services available to you and importantly which of those, such as Williamsons Solicitors, that are regulated  https://www.legalchoices.org.uk/ and the potential lack of protection offered to you in having an unregulated person or company carry out these services for you, for example a Will Writer preparing a Will for you.  In England and Wales, the law lets anyone write Wills, meaning that some of these Will Writers not being regulated they may not even have any legal qualifications!

W

Contact UsBack to top
Read some reviews from our clients

4.89 Average

144 Reviews

Mrs Margaret W

I am new to Williamsons, my first time with them. It’s been a positive efficient and friendly experience. So much so that I won’t be going any where else in future. Thank you to all at Williamsons!

Brian R

This is the third housing transaction Williamsons has done for me in the last year and I have been very satisfied with the proceedings . I particularly admire the capability and knowledge of Suzanne Spooner who is a very smart lady.

Mrs Robinson

Smooth and easy sale and purchase. Extremely helpful and supportive. Kept me informed at all times. Would highly recommend. Thank you so much.

Mr & M

Excellent professional service from Jane Cousins and her colleagues in the conveyancing department.

Mr and Mrs Height

The team excellent

Michael S

A pleasure to deal with, helpful and polite during the sale of my property. Thankyou.

Mr and Mrs Mooney

Always someone available to talk with us which was very much appreciated. Many thanks for a very quick and efficient service. A house sale made very easy for us. Many thanks once again.

Mr Hall

Always upfront, helpful and on the ball.

Mr and Mrs England

We picked Williamsons to write our wills based on the reviews online. It’s true to say that those which recommended their services were totally accurate. We started the process only having a vague notion of our requirements but with Alison’s excellent coaching we ended up with wills which have ensured our wishes are fully captured. The whole process was friendly yet very thorough and we were given clear, understandable, explanations of each and every element. From this experience we have no hesitation in recommending Williamsons services.

Mrs Woodhouse

Professional and prompt Highly recommend

Gary G

I used a google search looking for local solicitors within the Hull area and Williamson's where at the top which provided me with great confidence to contact them. I 110% satisfied with the service I received I could not fault any of it from the very first phone call to the final summary email. Service was exceptional. Bill him self was great and very helpful.

Carla

Wayne Walker was amazing throughout my whole case. He kept me upto date and always had time for me when I needed support. I couldnt have asked for a better firm of solicitors would highly recommend to anyone.

Mr Stephenson a

Great service. Fast and informative responses. Great at answering our first time buyer questions. No problems at all!

Anonymous

Couldn’t ask for a better service, very helpful.

Anonymous

Absolutely first class service from start to finish. Open, transparent with costs and all work carried out in a fast timely manner. Highly recommend the use of Williamson’s conveyance services.

Miss S

Very good company. I will always use Williamson's for any legal matter. Efficient,friendly and helpful.

Anonymous

Would just like to mention your Bridlington branch is so highly recommended. We have had the most efficient & fast legal work done by one of your brilliant Solicitors called Lauren. Can I add no stress what's so ever. Thankyou Williamsons Solicitors & thankyou Lauren.

Anonymous

Have used this firm for both buying and selling properties and would use them again. They've always been fair and reasonable in what they charged and done their best to keep me informed on developments in above transactions.

Philip P

Williamson's Solicitors provide first class advice, efficiency and are very obliging. We would highly recommend their services.

Mr and Mrs Emmerson

After a long haul with our house sale, we where pleased with the professionalism shown at all times, with friendly approachable staff at Bridlington.

Mr & M

Excellent professional service throughout, couldn't fault anything. We found them to be very thorough and looked out for our best interests at all times! We are intending to purchase another rental property and will definitely be using Williamsons in Beverley. Thank-you again Amanda for all your help and expertise!