Different typre of Probate Service:
How to obtain Probate more cost effectively
An awful lot of people steer away from using Solicitors if they need help with the Probate process.
There are horror stories of incredibly expensive Solicitors, but not everyone charges in the same
We have several pricing options, which helps families to get the help they need, but gives them the
flexibility to choose cheaper services if they are concerned about escalating costs.
First, we have a service where we will obtain the Grant of Probate or Letters of Administration for you, and then you can administer the estate yourself. We can do this via email, telephone, or face to face, and saves you having to potentially be interviewed at the Probate Registry if you attempt to do this privately.
We do this at a fixed fee which is agreed at the outset, and is usually around £500 plus VAT for our costs.
Full Administration of the Estate
We also do the ‘full service’, and completely administer the estate from start to finish, which includes where applicable:
- - obtaining clearance from HMRC,
- - applying for the Grant of Probate or Letters of Administration,
- - encashing the assets and settling liabilities,
- - filing tax returns
- - creating estate accounts
- - distributing the assets
- - beginning administering trusts where applicable, including those hidden ones that aren’t always obvious from a Will.
Some people really like this service, because it gives them peace of mind that everything has been done properly, and if anyone questions what has been done in several years time they will have proper documentation to answer any queries. It also means that you only have to sign a few forms, and we do all the hard work and chasing around.
This is priced depending on several factors such as the size of the estate.
The Middle Option
We also have services that are a little different to the two options above.
We can help with particular parts of an estate, for a fixed cost, so that clients can select exactly what they need, and know in advance exactly what it will cost.
For example, we have completed sets of estate accounts for clients who have dealt with everything themselves: obtained the Grant, closed all of the bank accounts, sold property, etc..
As the person responsible for administering the estate, you could be asked years in the future for evidence of how you administered the estate, and where all the money went. Estate Accounts are a simple set of documents detailing all the ins and outs, and if we prepare them for you it will be clear and meet the requirements of anything you may be asked to provide in the future.
We have also completed tax forms for clients for a fixed fee. Income tax returns are complicated enough, but completing them on behalf of someone else with limited information and slightly different rules can be difficult.
If you need help with an estate, please don’t be afraid to call for advice. It might be that we can help you with some short, free words of advice. But it might also be that we can help and take the pressure off you for cheaper than you might think.
Finally I've also done a couple of blogs about this, including "Expensive Solicitors’ Costs for Probate"