Full Administration of Estate Solicitors in Leeds
We can deal with the administration of an estate from start to finish. Our experienced solicitors will support you through every step of the process. This involves applying for the Grant of Representation, collecting in and distributing the assets.
For estates which are below the inheritance tax threshold, estates can take between 20-25 hours work at £285 per hour. Total costs estimated at £5,700 – £7,125 plus VAT and payments to third parties. This figure does not include dealing with the sale or transfer of the property. Our colleagues in our conveyancing department will be able to quote for their services in relation to the sale or transfer of the property.
The exact cost will depend on the individual circumstances of the matter. For example, if there is only one beneficiary and no property to deal with, costs may be at the lower end of the range quoted above. If there are multiple beneficiaries, a property and multiple bank accounts, cost will be at the higher end.
This quote is for estates where:
- There is a valid Will
- There is one property
- There are no more than 10 bank or building society accounts held with different financial institutions
- There are no more than 2 share registrars to deal with
- There are between 2 – 5 beneficiaries
- There are no disputes between the beneficiaries or any potentially disappointed beneficiaries
- There are no assets in any other jurisdiction
- There is no inheritance tax to pay and the executors do not need to submit a full account to HMRC
- There are no claims against the estate
- The deceased was not subject to any claims against him/her in a personal or business capacity which can now be pursued against the estate
- There is no ongoing trust in the Will
Payments to third parties* | Cost |
---|
Probate court fee | £273 |
Sealed copy of Grant of Representation | £1.50 |
Bankruptcy search (per person) | £6 |
Trust Act 1925 Notices (to protect the executors from unknown creditors) | From £350 |
Share Registrar's fees | Vary depending on the value of the shares, whether share certificate s can be located and whether shares are to be sold or transferred to beneficiaries. |
*Some payments to third parties (disbursements) are not subject to VAT.
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