Probate and Administration of Estates
If you wish us to deal with administering an Estate our charges would depend upon the amount of time taken to deal with the matter. This will vary depending upon the nature of the assets, the complexity of the Estate and the nature of the enquiries that we have to make. However, most matters take around 10-15 hours to complete. This involves obtaining details of all the assets and liabilities, preparing the HMRC account and settling any Inheritance Tax Liability, dealing with the application for a Grant of Probate or of Letters of Administration (where there is no Will) and dealing with collecting in all assets and paying sums due under the Will or in accordance with the Rules of Intestacy. We also prepare full Estate Accounts. All such matters are dealt with by our Partner Mr Lewis who has been qualified as a solicitor for thirty-nine years whose current charging rate is £250 per hour plus VAT.
In addition to our fees, fees are payable to the Probate Registry which vary from time to time but which usually average around £200 - full details of which would be provided to you before any work was carried out.
In general the administration of the Estate is usually completed within the period of three to nine months from instruction, depending upon the amount of work involved.
Currently our conveyancing fees are as follows:
Up to £500,000 Freehold - £825 plus VAT
Over £500,000 Freehold - £875 plus VAT
Up to £500,000 Leasehold - £925 plus VAT
Over £500,000 Leasehold - £975 plus VAT
Acting on mortgage in connection with above £120 plus vat
Remortgages and Transfers of Equity £500 plus vat
Also, standard disbursements are charged in relation to obtaining Local Authority Searches (usually £209) and Land Registry Title Entries, Land Registry Search and Bankruptcy Search Fees and Land Registration Fees none of which attract VAT and the average total range of which is between £60 and £100. Additionally, Bank Transfer Fees are payable of £30 plus £6 VAT for each electronic funds transfer and of course Stamp Duty is payable on completion of the purchase of property, the amount of which varies in line with Government Legislation, full details of which would be provided to you with a written quotation of fees and disbursements before work is commenced once we have the details of your purchase or sale.
All conveyancing matters are dealt with by our Partner Mr Lewis.
We regularly see and advise clients as to the terms and conditions set out in Settlement Agreements presented to them by their employers. In the vast majority of cases all fees for dealing with Settlement Agreements are paid by the Employer and therefore you would not have to pay any fees to us.
- Employment Law
- Wills and Probate
- Landlord and Tenant
- Family Law
TELL US ABOUT YOUR CASE
020 8850 2484