Wills start at £350 plus VAT for a simple single Will, £525 plus VAT for a couple, more complicated Wills are covered by our Succession Planning Service and all the fees are set out in this brochure.
The Solicitors Regulation Authority (SRA) has confirmed that, from December 2018, it will require regulated law firms to publish information on pricing to help consumers make informed choices.
We will calculate our fees based on the amount of time we spend carrying out your instructions as per our terms & conditions. For your information, our hourly rates are currently:
Non – estates Estates
Directors / ADs £300 £350
Associate Solicitors / LEs £275 £325
Senior Solicitors / LEs £250 £300
Solicitors / LEs £230 £280
Senior Trainees £200 £250
Trainees £175 £225
Secretaries £125 £175
VAT will be added to these amounts at the prevailing rate (Currently 20%)
It is always difficult to provide projections of costs in estate administrations at the outset as each one has its own issues and you are of course free to instruct us to do as much or as little of the work as you wish. However, in our experience, where we are instructed to carry out the whole administration from start to finish, in estates which are worth up to around £750,000 our fees tend to work out between 2% to 3% of the gross probate value and for estates worth in excess of £750,000 the fees fall between 1% and 2.5%. This is not however the basis of charging.
For example, if the gross probate value of the estate is around £380,000 our fees may fall between £7,600 plus VAT and £11,400 plus VAT. However, we should be able to give you a more accurate estimate when we get to the point of applying for the grant of probate.
Please note however, that circumstances may change or unforeseen events may occur which will impact on this estimate. If this happens, we shall let you know as soon as possible and explain why. We shall also then give you a revised estimate of our total fees and seek your approval to proceed on that basis.
During the administration, there will be other expenses we shall have to pay called “disbursements”. The most common disbursements will be:
- The probate application fee of £155
- Sealed office copies of the Grant of Probate at £1.50 each
- Accounts fee of £60 plus VAT
- Unclaimed Assets Register search of £25 or a Landmark search of £135 plus VAT
- Creditors’ search advertisements or insurance alternative – variable amount
- Executors’ Bankruptcy searches at £2 each
- Deceased Bankruptcy search at £2
- Beneficiaries’ Bankruptcy searches at £2 each.
There may also be others which we will advise you of if necessary.