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.
