Typical Fees for Administering an Estate

We are experienced in assisting with administering all Estates whether straightforward, large or complex.  

 

Legal Fees

These include all work necessary to collect the assets of an Estate, settle liabilities and expenses, account to the Executors and beneficiaries, and distribute the Estate at the appropriate time. Our legal fees will typically range between (in addition to those stated on our previous pages ):

Option 1 -   Where we have obtained the Grant: Between £3,500 and £7,500 plus VAT

Option 2 -   The Grant has been obtained by you or another firm (this will involve additional work in familiarising ourselves with the Estate): Between £4,500 and £10,000 plus VAT

Our fees will be based on the hourly rate of the Solicitor or Executive dealing with the Estate. Please see our Terms of Business.

Please note that the exact cost will depend on the individual circumstances and complexity of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the estimate. If there are multiple beneficiaries, a property, multiple bank accounts and stocks & shares, costs will be at the higher end of the estimate.

VAT will be charged on our legal fees at the rate in force at the date the work is carried out. This is currently 20%.

Our Electronic Money Transfer Fee: £35 plus VAT per transfer or if the recipient is overseas £40 plus VAT

Our Electronic Anti Money Laundering Fees are calculated as follows (only applicable on Option 2 above):-

£15 plus £3 VAT for an individual UK search or triple search
£25 plus £5 VAT for the triple search for two people

£20 plus £4 VAT for an international search

 

Typically, the administration of an Estate to the point of making the final distributions takes between 3 and 18 months. This timescale can be affected by other factors, such as any associated property sale, tax matters, or litigation.

Please note that these estimated figures assume the following:

  • this is a standard administration and that no unforeseen matters arise;
  • all parties to the administration are co-operative and there is no unreasonable delay from third parties;
  • there are no disputes arising;
  • there are no claims made against the Estate; and
  • all beneficiaries are identifiable and traceable.

It should also be noted that any costs associated with the sale of a deceased’s property, litigation, or any advice regarding the administration of a Trust included in the Will shall be charged separately to the above estimates.

Regardless of who administers the Estate, the following third party costs may also be applicable:

Will search through Certainty the National Wills Register: £75.00

Press adverts: £250 plus VAT depending on the number of properties owned

Bankruptcy search: £2 per beneficiary (unless the beneficiary lives overseas)

Fee for obtaining a copy title/plan of a property from the Land Registry: £3 per copy

Property clearance fees: Between £1,000 and £5,000 plus VAT