Wills & Probate
Here at Trent Law, we understand your needs and expectations when it comes to thinking about your future and your family. Our specialist solicitors are here to help guide you through the process of putting the relevant legal framework in place.
Services that we offer are:
Bespoke Will Drafting services
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Probate and estate administration
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Probate Disputes
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Power of Attorney services
Probate Fee and Costs
Please note that the following information is for guidance only and an accurate fee estimate will be provided once we have had our initial consultation and assessed the estate in terms of value and work to be undertaken.
Grant Application and Administration of the estate:
We always try to provide you with a fixed fee estimate of the costs.
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 | £750.00 Plus VAT and disbursements.
Grant of Probate Extraction (IHT205): If we contact up to 3 organisations to obtain date of death values for extraction of Probate If more than 3 then full estate administration fees payable | £1,350.00 Plus VAT and Disbursements.
Completion of Transfer of NRB (IHT217): Executor to provide all information relevant for completion of IHT217 application | £250.00 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.
Grant, Transfer of NRB and Completion of IHT400: Non-taxable estate Over to 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.
Grant, Transfer of NRB and Completion of IHT400: Taxable estate Over to 5 schedules | From £2,500 Plus VAT and disbursements.
Full Estate Administration: Estate value of up to £150,000 | £2,250 and 1% of the estate's gross value Plus VAT and disbursements.
Full Estate Administration: Estate value of £150,001 to £300,000 | £2,750.00 and 1% of the estate's gross value Plus VAT and disbursements.
Full Estate Administration: Estate value of £300.001 to 500,000 | £3,250 and 1% of the estate's gross value Plus VAT and disbursements.
Full Estate Administration: Estate value of £500,001 to £1,000.000 | £3,750.00 and 1% of the estate's gross value Plus VAT and disbursements.
Full Estate Administration: 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.
Transfer of Property Only: Obtain Grant of Probate and deal with Transfer of property | £350 plus VAT and disbursements per property.
Disbursements Costs:
Furthermore, there will be a number of disbursements that the probate will incur and these are listed below with current prices (all of which are not subject to VAT):
Application fee payable to the Probate Registry - £155 plus £1.50 per sealed copy
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Bankruptcy only Land Registry charges searches £2 per beneficiary
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£100 post in the London Gazette – to protect against unexpected claims for unknown creditors
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£150-200 minimum to post in local newspaper in respect of unknown creditors notice. These costs are variable depending on the newspaper rates.
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Estate agents fees if we have to instruct a sale of a property.
Timeframes
The average time frames are listed below, and we will aim to provide you with update and accurate timeframes at your initial appointment and throughout the process:
Collating the assets and liabilities 4 to 8 weeks (dependent on third parties providing relevant information)
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Obtain the Grant or Probate (or Letters of Administration) 3 to 4 weeks
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Estate Administration – typically 6 to 12 months but again on a case by case basis.