Probate Costs
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. | £650 Plus VAT and disbursements. |
| Extraction of grant (IHT205) | Take instructions but Graysons Solicitors to gather all information relating to assets and liabilities. Grant extracted and passed to executor to deal with estate. | £800 – £1,000 dependent on complexity. Plus VAT and disbursements. |
| Extraction of grant (IHT205) and completion of transfer of NRB (IHT217) | Executor to provide all information relevant for completion of IHT205 and IHT217 application. Graysons Solicitors to obtain necessary information to complete NRB (IHT217). |
£1,000 – £1,500 Plus VAT and disbursements. |
| Grant and completion of IHT400 | Graysons Solicitors to obtain all relevant information and complete form IHT400. Grant passed to executor for administration of estate. | From £2,000 to £3,000 dependent on complexity. Plus VAT and disbursements. |
| Grant, transfer of NRB and completion of IHT400 | Non-taxable estate – simple will consisting of a limited number of assets. | From £1,500 Plus VAT and disbursements. |
| Non-taxable estate – complex will with varied assets. | From £2,500 Plus VAT and disbursements. |
|
| Grant, transfer of NRB and completion of IHT400 | Taxable estate – simple will consisting of a limited number of assets. | From £2,500 Plus VAT and disbursements. |
| Taxable estate – complex will with varied assets. | From £3,500 Plus VAT and disbursements. |
|
| Full estate administration | Estate value of up to £300,000 | £2,000 and 1% of the estate’s gross value and 0.5% of the property value. Plus VAT and disbursements. |
| Estate value of £300,001 to £500,000 | £2,500 and 1% of the estate’s gross value and 0.5% of the property value. Plus VAT and disbursements. | |
| Estate value of £500,001 to £1,000,000 | £3,000 and 1% of the estate’s gross value and 0.5% of the property value. Plus VAT and disbursements. | |
| Estate value of £1,000,001 and above | £3,500 and 1% of the estate’s gross value and 0.5% of the property value. Plus VAT and disbursements. | |
| Payment of residue of estate to charities, dealing with all aspects of administration and distribution. | From £3,000 dependent on complexity. Plus VAT and disbursements. Plus 1% uplift for complex assets. |
|
| Administration only | For collection in of assets where a grant is not required. Payment of liabilities and distribution. | From £1,000 dependent on amount of administration to be done – fixed fee (based on an hourly rate). |
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.
We reserve the right to vary the above costs where unforeseen circumstances or issues that protract the completion of the matter are encountered. We will advise you as quickly as possible when we become aware of any such events.
Disbursements are payments relating to the administration of an estate that are made to third parties. They include:
- Probate administration fee
- Land Registry search
- Legal and public notices
