Standard wills – usually one property and estate left to spouse and/or children or a limited number of beneficiaries.
|One person||£130.00 Plus VAT|
|Double (Mirror) wills||£240.00 Plus VAT|
|Trust will re property||£375.00 Plus VAT|
|Severance of joint tenancy||£60.00 Plus VAT|
More complicated wills involving e.g. trusts, complicated provisions or multiple beneficiaries will be charged for on the basis of the work involved and a quote will be given at the first appointment.
The price of all wills includes
LASTING POWERS OF ATTORNEY
|Property & Finance OR Health & Welfare||Single||£400.00 Plus VAT|
|Property & Finance OR Health & Welfare||Double||£600.00 Plus VAT|
|Property & Finance AND Health & Welfare||Single||£600.00 Plus VAT|
|Property & Finance AND Health & Welfare||Double||£900.00 Plus VAT|
|Obtaining the Grant only
(Client provides all financial information)
|£650.00 Plus VAT|
|If need to claim transfer of Spouse’s IHT||£750.00 Plus VAT|
|If full Inheritance tax form IHT 400 has to be completed but no tax is payable||£1,000.00 Plus VAT|
For dealing with a full probate to include obtaining all the information on the size of the estate, obtaining valuations advising beneficiaries, preparing and dealing with probate papers IHT returns, applying for the grant of representation, collection and sale of assets and distribution of the estate, we will charge at an hourly rate of £225.00
Minimum charge £1,500.00 = VAT
We estimate that a straightforward estate including one house, simple shares, no more than 4 bank accounts and 2 or 3 beneficiaries will cost on average £3,000 – £5,000 plus VAT
If inheritance tax is payable on the estate then the charges will be the hourly rate of £225 plus 1% of the value of the gross estate (excluding any house). An estimate of likely costs will be given a
Additional cost if Beneficiaries are to be traced
List of likely payments
Probate Court fee – currently £155 plus additional copies of sealed Grant 50p each
(Likely to increase considerably from 1st April 2019)
Land Registry copies relating to each property – £3.
Statutory Notices in London Gazette/Local Press (protection of Executors against unknown debts) approximately £250.
DEEDS OF VARIATION
From £250 plus VAT
Deeds of Renunciation
From £250 plus VAT