For those who are not familiar with the probate process or the estate for which this service is most suitable, especially if you do not have time to devote to administering the assets, we will take the weight off of your shoulders and take care of every step.
Probate | Full Adminstration
The cost of our Full Administration Service for a typical estate is £2950, plus VAT and the Probate Registry’s fee.*
• Advise you on the terms of the will.
• Assist in collating information about the number and location of assets and debts.
• Advise on the notices you can advertise in order to reduce your potential liability as executor or administrator.
• Identify the correct figures and arrange valuations for inheritance tax purposes.
• Complete and submit the inheritance tax return to HMRC. If necessary, advising on taking out an executor’s loan to cover the tax.
• Deal with HMRC in relation to any income tax or capital gains tax liability for the years prior to death and dealing with any tax liabilities that may arise during the administration.
• Dealing with the Department for Work and Pensions to ensure any benefits or pensions are stopped and handle any repayments.
• Liaise with utility companies in order to obtain a final account up to the date of death and where services need to be maintained, guiding the executors on their options.
• Guide the executors on the need to maintain adequate insurance cover on the deceased’s assets during the period of administration.
• Obtain the grant of probate or letters of administration.
• Arranging for legal notices to be advertised, if requested by the executors/administrators.
• Sending copies of the grant of probate/letters of administration to banks, building societies and other institutions holding money in order to obtain access to the deceased’s assets.
* There are some estates where the fee for this service may increase. These include estates:
• Valued at over £600,000.
• With significant assets located overseas.
• Which include business assets.
• Which include farms.
• With more than 10 separate holdings of shares or similar assets.
• With actual or potential claims against it.
• With other unusual circumstances.
If the estate falls within one of these exceptions, we will still be able to provide you with a fixed cost quote.