Applying for the Grant Where There are no Assets to Distribute
If you would just like us to apply for a Grant then our Fixed Fee is £750.00 plus VAT. This will increase to £950.00 plus VAT for a Grant Application where a tax return is required.
Applying for the Grant, Collecting and Distributing the Assets
If you would like us to apply for a Grant, collect and then distribute the assets we charge an hourly rate of £200.00 plus VAT. In addition to the time spent on the file, we charge a percentage in accordance with the total value of the deceased’s Estate.
- Where we have not been appointed as Executor we will charge ½% on the value of the home, plus 1% of the value of the rest of the estate.
- Where we have been appointed Executor/Joint Executor we charge 1½% of the value of the home and 1% of the value of the estate.
This allows us to handle the full process for you without charging extra for more complicated estates.
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf.
Disbursements which might need to be paid are:
- Probate Court application fee of £155.00
- £7.00 Swearing of the oath (per person extracting the Grant)
- Probate Court Fees for each copy of the Grant (amounting to 50p per copy).
- Bankruptcy- Land Charges Department searches (£3.00 per beneficiary)
- £62.15 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
- £50.00 (approx). Post in a Local Newspaper – This also helps to protect against unexpected claims where there is a property. The exact cost depends on the location of the deceased.
How long will it take?
To hear back from all asset holders with the valuations that are required to complete the probate papers for HMRC and the Probate Court usually takes between 2 to 3 months. Once all this information is obtained then an application to extract the Grant will be made to the Probate Court and this will commonly take 2 weeks (depending upon the workload of the Probate Court) to receive the Grant. We will then collect in the assets and distribute the estate to the beneficiaries. Most estates when properly administered can take between 6 months to 1 year to finalise but the time frames will vary depending upon the number of assets in the estate, the location in the world of the assets, the tax position of the estate and the number of beneficiaries. Very complex estates can take much longer.