Wills & Probate Fees

Single Will                                                                            £400 plus VAT

Mirror Will                                                                           £550 plus VAT

Will with a life interest (single)*                                       £600 plus VAT

Will with a life interest (mirror)*                                      £750 plus VAT

Depending on your personal circumstances and instructions, the following list includes additional fees which may be added to our fees:

Letters to third parties i.e. doctor’s mental-                  £100 plus VAT

capacity assessment

Home/Hospital visit                                                     £100 – £200 plus VAT (depending on distance)

Expedited Service                                                          £100 – £200 plus VAT (depending on urgency)

Our Service and Estimated Time scales

Your instructions will include a minimum of two meetings. The first involves taking your instructions, including the executors you wish to appoint, money gifts you wish to make to individuals or charities etc. Upon the finalisation of your instructions, the initial meeting is followed by a draft Will for your approval within 7 working days. Once you are happy with your Will, a second meeting is arranged for you to attend the office to sign the Will.

Providing we have all of your instructions, we estimate that the preparation of your Will from the initial meeting to executing the Will to be between 1 and 3 weeks.

*(Please contact us for enquiries with regards to Trust and we would be happy to discuss this with you)

LASTING POWER OF ATTORNEY (LPA)

All LPAs must be registered with the Office of the Public Guardian in order to use them.A LPA is a legal document which allows an individual (known as the ‘Donor’) to appoint someone else (known as the ‘Attorney’) to make decisions and/or manage their affairs on their behalf. An LPA is a powerful document. There are 2 types of LPAs; one that deals with health and welfare decisions and the second that deal with property and financial decisions. Examples which cover the health and welfare LPA are choosing care given to the Donor, which care home to admit the Donor or most importantly, whether to instruct medical professionals to prolong medical treatment or switch off the life sustaining treatment if no more can be done by the doctors. Examples which cover the property and financial LPA are making payments from the Donor’s bank accounts, signing legal documents, making decisions in respect of investments etc.

Our Fees

LPA for single person – 1 type of LPA                         £500 plus VAT and registration fee

LPA for single person – both types of LPA                 £800 plus VAT and registration fee

LPAs for a couple – 1 type of LPA for both                 £800 plus VAT and registration fee

LPAs for a couple – both types of LPAs for both       £1,200 plus VAT and registration fee

Depending on your personal circumstances and instructions, the following list includes additional fees which may be added to our fees:

Letters to third parties i.e. doctor’s statement             £100 plus VAT

Home/hospital visit                                                    £100 – £200 plus VAT (depending on distance)

Expedited Service                                                           £100 – £200 plus VAT (depending on urgency)

In addition to our fees stated above, there is a registration fee payable to the Office of the Public Guardian (OPG) which is £82 per LPA.  This fee may be either reduced or exempt in certain circumstances.

Our Service and Estimated Timescales

Your instructions may require two meetings. The first meeting involves taking your instructions which includes for example, who you wish to appoint as your Attorney(s). The second meeting involves signing the forms, which is subject to strict rules. Depending on your instructions, we estimate that your matter will take between 1 – 2 weeks from taking your instructions and completing the LPA forms. The LPA forms are promptly submitted after the second meeting and there is a statutory waiting period of up to 6 weeks by the OPG. Overall, we estimate to have the registered LPA within 3 months of submitting the same, providing there are no queries raised by OPG.

PROBATE (Non-Contentious)

We want to be up front with our fees.  To simplify things we offer a range of options to you within the process of probate. 

Our Fees

STAGE OF PROBATE WORK INVOLVED  OUR FEES ESTIMATED TIME SCALES

Up to and including obtaining the Grant of Probate/Letters of Administration (known as the ‘Grant of Representation’)

 

 

 

This includes obtaining valuations of the assets and liabilities in the estate, preparation of the HMRC tax returns, preparation of the oath and application to the District Probate Registry for the Grant of Representation.

 

 

 

 

 

We estimate our fees to be between £800 and £2,000 plus VAT plus third -party costs.

 

Factors which may affect the fees are number of assets in the estate, whether the estate valuations are provided to us, whether Inheritance Tax (IHT) is payable on the net estate.

 

 

 

We estimate this stage to take between 6 weeks and 3 months.

 

 

Factors which may affect the time-scale are whether the estate valuations are provided to us, whether claiming exemption and reliefs is applicable, e.g.: Transferable Nil Rate Band from predeceased spouse, dealing with enquiries raised by HMRC.

 

Post Grant of Representation

 

 

 

 

This includes collecting the assets, settling the liabilities, making the distributions to beneficiaries, preparing the distribution accounts.

 

 

 

 

 

For this stage of probate, we will charge our fees on an hourly basis. We estimate our fees to be between £2,000 and £6,000 plus VAT and third- party costs.

 

Factors which may affect the fees are the numbers assets to collect, whether any tax is payable during the administration period e.g. Capital Gains Tax etc. 

We estimate this stage to take between 6 weeks and 4 months.

 

Factors which may affect the fees are the number of assets to collect, details of beneficiaries, clearance letter from HMRC if IHT was paid on the estate etc.

 

 

NB: You can choose the elements of work you instruct us to take from the 2 stages of probate and we can discuss a fixed-fee going forward.

Probate services not included in our fee structure

Whilst administering an estate is broadly the same, certain elements can vary the process from one probate matter to another. These factors can have a big impact on the time scale and requires additional work. If this is relevant in your probate matter, we will highlight this to you in the earliest opportunity and also discuss our fees for the additional work. Please note the following in-exhaustive list which sets out extra elements of services which are not included in our fixed fee structure in probate matter:

Missing original Will;

  • Sale of property;

  • Overseas assets (e.g.: obtaining valuation or sale);

  • Deed of Variation or any other form of estate planning;

  • Missing beneficiaries;

  • Creating a Trust out of the Will and registering the same with HMRC;

  • All contentious nature of work (e.g.: contesting a Will)

Examples of cases

  1. In the administration of the estate of the late Mrs W, Oliver Fisher dealt with an equity release charge on a property. We also advised the executor in claiming the Transferable Nil Rate Band of the deceased’s predeceased spouse as well as the the newly introduced Residential Nil Rate Band. Claiming these exemptions resulted in a total of £850,000 saving in the IHT liability.
  2. In the administration of the estate of Mr X, the deceased gave considerable legacies to charities. Oliver Fisher accordingly advised the executor that this resulted in 10% of the net estate going to charities and therefore claiming the reduced IHT rate of 36% instead of 40%, resulting in a savings of £35,000 in IHT.

  3. In the administration of the estate of Miss Y there was a missing beneficiary and Oliver Fisher worked with tracing agents in both the UK and Canada to trace her. They also worked with lawyers in Australia to collect in assets she owned there so they could be distributed with her estate.

  4. In the administration of the estate of Mrs Z who was domiciled in Spain. Oliver Fisher prepared the appropriate documents so that probate could be issued in this country and the assets she held here and in the Channel Islands and the Isle of Man could be collected and distributed.