Wills and Probate Fees
Founded in 1939
WILL & PROBATE DEPARTMENT PRICING STRUCTURE in Nottingham & Loughborough - Hawley & Rodgers -
We talk you through all legal documents
Efficient Wills and Probate Solicitors in Nottingham and Loughborough
Our Private Client practitioners have a wealth of experience is the preparation of Wills and Estate Administration. Our team are there to provide you with the necessary support and assistance that you may require. We therefore offer a bespoke and practical approach to the advice we provide.
Making a Will
We recognize that every family is different. Therefore, the preparation of a Will depends on your individual circumstances and the complexity of your estate. We take time to get to know you and your family, and tailor our advice to your objectives. As every family is unique, we provide a bespoke and practical approach in our advice.
Loughborough
Office
Office
Address:
19/23 Granby Street
Loughborough
LE11 3DY
Nottingham
Office
Office
Address:
Albion House, 5-13 Canal Street
Nottingham
NG1 7EH
Hawley & Rodgers Bingham Office
Address:
1 Fisher Lane
Bingham
Nottingham
NG13 8BQ
Long Eaton
Office
Office
Address:
Hawley & Rodgers Inc., Thomas Solicitors
42-44 Market Place,
Long Eaton,
Nottingham,
NG10 1LT
Stapleford
Office
Office
Address:
Hawley & Rodgers Inc., Thomas Solicitors
24 Derby Road
Stapleford
Nottingham
NG9 7AA
Standard Will
- £180 plus VAT - Single
- £300 plus VAT - Mirror (for couples where wills are very similar)
Complex Will
You may require more dedicated legal advice to ensure your Will is structured in the most efficient way to meet your specific needs. For example:
- to mitigate your inheritance tax position
- the preservation of your assets
- consideration of your foreign property or foreign assets
- your agricultural or business property
- the prevention of a family conflict
An additional charge will therefore apply if you require specific advice on your individual needs.
We will always let you know about any additional charge before drafting your Will.
The current rate of VAT is 20%.
Please note an additional charge may be payable should you require a home or out of office visit. Please ask for a quote as we are happy to assist.
PROBATE & ESTATE ADMINISTRATION COSTS
Our specialist Probate team are all qualified practitioners with a wealth of knowledge and experience to assist you during this difficult time. Our team will provide you with clear and transparent pricing for obtaining a Grant of Probate (and if requested the estate administration). We will help you with the best option for your individual circumstances – assisting with as much or as little of the process as you like.
Grant of Probate/Letters of Administration Only
Executors/administrators can then deal with the administration of the estate after we have obtained the Grant for them.
£750 plus VAT Where no Inheritance Tax is payable and a simplified Inheritance Tax account can be submitted to HM Revenue & Customs. All asset values have been provided to us by the Executors.
£1400 plus VAT Where no Inheritance Tax is payable but the specific circumstances require a full Inheritance Tax account to be submitted to HM Revenue & Customs. All asset values have been provided to us by the Executors.
Estate Administration
The cost of administering an estate will vary depending on the nature and complexity of the estate. Factors that will have an impact can include the number of assets, foreign property and investments, the terms of the will, the number and age of beneficiaries and the need to correspond with third parties.
Where we are not the Executors of the estate our costs are based on the time spent in the estate administration. Our costs are in accordance with the hourly rate of the member of the Probate team undertaking the work instructed. We will provide you with a quote of the anticipated cost once we are aware of all assets in the estate and have had an opportunity to consider the facts of the particular case.
Hourly rates
Our hourly rates range from £200 to £250 plus VAT depending on the complexity of your case and the experience of the practitioner.
The current rate of VAT is 20%.
Case Study Estimate
The following estimate assumes:
- There is a valid Will appointing 1 or 2 Executors who are happy to act
- The will leaves the whole estate to either the surviving spouse; or to 2 or 3 adult beneficiaries; or to charities outright
- There is no Inheritance Tax to pay
- There are no lifetime gifts to report
- A simple Inheritance Tax return (IHT205) is applicable
- The estate comprises of UK assets only
- The assets consist of no more than 8 assets (bank accounts, National Savings investments, insurance products, stocks and shares)
- No Income Tax return is required to date of death and the administration period
- There is a freehold property to be sold or transferred
- There are no possible claims against the estate at all (so that delaying distributions for up to 10 months from the Grant will not be required)
Estimate of Costs
Legal fees £2500 to £3750 plus VAT
In addition, there are third party payments which include:
The Probate Court fee £155.00
A sealed copy of the Grant £1.50 per copy
Land Registry copy title £3.00
UK Bankruptcy search £2.00 per name
Other third-party payments may arise such as a property or investment valuation fee; a notice fee for tracing unpaid creditors; a Land Registry fees for property transfer
Fees such as Probate Court Fees, bankruptcy search fees and Land Registry charges are subject to change. This is outside of our control.
Third party payments do not include bills such as the funeral account, utilities, tax etc. which will be specific to the individual estate.
What’s included in an estate administration?
We have listed below an idea of what we will undertake when appointed to assist with the estate administration:
- Obtain initial instructions, review papers and provide initial advice
- Contact third parties e.g. banks, insurance companies
- Prepare legal and taxation documents to obtain probate papers
- Lodge papers with the Probate Registry and if applicable HM Revenue & Customs.
- Arrange for any inheritance tax to be paid
- Ingather assets in the estate
- Settle estate liabilities
- Pay cash legacies
- Prepare Estate Accounts detailing assets received, liabilities settled, income received and the balance due to each beneficiary
- Distribute the estate
This is not an exhaustive list as there may be other issues that arise during the administration.
Instructions will not include:
- any conveyancing as to the sale or transfer of the deceased’s property;
- providing advice in respect of any claim or potential claim against the estate,
- provision of advice on the variation of a beneficiary’s entitlement
Such advice can be provided by the firm under separate cover for a separate charge.
How long will the estate administration take?
Each case is individual and will often depend on factors outside of our control. For example, the response of third parties such as HM Revenue & Customs; or delays at the Probate Registry. Generally, we would expect an estate administration to take between 6 months to 12 months. Obtaining a Grant will usually take a minimum of 6-8 weeks.
If you would like further information or would like to arrange an appointment with one of our Wills and Probate team please call us.
