We provide an expert service by experienced solicitors with specialist qualifications in the administration of estates. Our aim is to ensure that the administration is completed smoothly and efficiently. Our time spent varies from 10 to 50 hours.
All team members dealing with Probate matters will be supervised by Samir Hussain who is a Partner and Head of Private Client. Please refer to the ‘About us’ section on our website for more information about the team including their qualifications and experience.
The precise cost will depend on the individual circumstances of the matter. There are many different factors which affect the costs of administering an estate including:
We can handle the full process for you. Our range of fees for the full administration of an estate as referred to above will vary from £1,500 to £20,000. This fee range does not include VAT, disbursements or Inheritance Tax (or any other taxes) that may be due on the estate. At the present time VAT is charged at 20%.
If you are willing to carry out the majority of the estate administration work yourself but need assistance with reporting the Estate to HMRC and the application for the Grant of Probate then we charge based on the time spent in carrying out that work. The hourly rate is £300 + VAT (which is 20% at present). We would usually estimate spending between 7 and 15 hours in carrying out the work depending on the complexity of the Estate.
VAT is charged at 20%. Where we refer to fees on this page, we refer to VAT exclusive fees and VAT should be added. Where applicable, we will charge VAT on third-party expenses incurred by us on your behalf.
On average, the administration of estates with the characteristics referred to above is completed within 9 to 18 months. Typically, obtaining the grant of probate takes 4 to 6 months. Collecting assets then follows, which can take between 4 to 8 weeks. Once this has been completed, we arrange payment of the debts of the estate and the balance of any Inheritance Tax and other taxes and distribute the assets, which normally takes 10 to 20 weeks but this depends on whether the Executors require clearance from HM Revenue & Customs prior to final distributions.
Disbursements are costs payable to third parties, such as probate fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements during the administration of an estate may include:
I had the pleasure of working with Gregson Solicitors, and I couldn’t be more satisfied with their services….
We provide expert legal advice on Wills, Estate Planning, and Tax matters, ensuring your assets are protected and your loved ones are cared for. Let us help you plan for the future with confidence and clarity.
We provide excellent value for money with transparent and affordable fees. If you would like a cost estimate, please email us: info@gregsons.co.uk or call us 020 8946 1173
© Gregsons 2016. Solicitors in Wimbledon, SW19
