fbpx

Call for a free consultation

  • Sheffield 0114 272 9184
  • Chesterfield 01246 229 393
  • Hathersage 01433 650 718

Probate and Estate Administration Costs

Last updated on August 17th, 2021 at 06:46 pm

Graysons has been carrying out probate and the administration of estates since 1925.

Anne Rogers is the partner who heads the department and supervises all probate matters.  Our private client advisors, Chris Shaw and Laura Cowan also carry out probate work.

Our fees are based on various factors, including the complexity of the matter, the level of assistance required to complete the work, the value of the estate and disbursements that have to be paid.  Whilst it is difficult to give an accurate estimate of costs before we have detailed information about the estate to be administered, our experience shows that the following chart of costs will cover many situations.

Work type Description Cost
Extraction of grant (IHT205) Take instructions from executor, extract grant and hand to executor to deal with administration. Executor to gather and provide all relevant information for application. £750
Plus VAT and disbursements.
Completion of transfer of NRB (IHT217) Executor to provide all information relevant for completion of IHT217 application.
Graysons Solicitors to complete NRB (IHT217).
£250
Plus VAT and disbursements.
Grant, transfer of NRB and completion of IHT400 Non-taxable estate – Up to 5 schedules. From £1,500
Plus VAT and disbursements.
Non-taxable estate – Over 5 schedules. From £2,000
Plus VAT and disbursements.
Grant, transfer of NRB and completion of IHT400 Taxable estate – Up to 5 schedules. From £2,000
Plus VAT and disbursements.
Taxable estate – Over 5 schedules. From £2,500
Plus VAT and disbursements.
Full estate administration Estate value of up to £150,000 £2,500 and 1% of the estate’s gross value. Plus VAT and disbursements.
Estate value of £150,001 to £300,000 £3,000 and 1% of the estate’s gross value. Plus VAT and disbursements.
Estate value of £300,001 to £500,000 £3,500 and 1% of the estate’s gross value. Plus VAT and disbursements.
Estate value of £500,001 to £1,000,000 £4,000 and 1% of the estate’s gross value. Plus VAT and disbursements.
Estate value of £1,000,001 and above £4,500 and 1% of the estate’s gross value. Plus VAT and disbursements.
Payment of residue of estate to charities, dealing with all aspects of administration and distribution. £3,000 and 1% of the estate’s gross value. Plus VAT and disbursements.

 

Who will deal with Probate and Estate Administration?

Probate and Estate Administration is dealt with by Solicitors, Legal Executives and Private Client advisors of appropriate and equivalent experience, assisted by graduates, trainee solicitors and trainee legal executives subject to appropriate supervision. For more information please refer to our Meet the team

   
Qualification   
   
Hourly Rate   
   
Partner / Head of Department   
   
£275   
   
Senior Private Client Advisor   
   
£230   
   
Probate Paralegal / Trainee Solicitor   
   
£175   
   
Private Client Advisor   
   
£146   
   
Junior Paralegal   
   
£120   

 
Hourly rates will be capped where a fixed fee has been offered

There is no inclusion within the costs above for any conveyancing related to, and required as a result of, the administration of the estate. These costs will be quoted for separately.

Where unforeseen circumstances, or matters that protract the completion of the matter, are encountered, we reserve the right to vary the above costs. We will advise you as quickly as possible when we become aware of any such events.

You have landed on this page as Watson Esam has merged with Graysons

You can read more about the merger here. Graysons will be pleased to help with your enquiry. Please visit our web pages or contact us directly on 0114 358 9009

X CLOSE

scroll to top