It’s important to know that no two estates are ever the same and they are likely to change per individual case. At Alwyns, we charge our fees on a time spent basis as we consider this reflects both the complexity of the assignment and the amount of our involvement required for each individual estate.
Our hourly rates range from £110 per hour for a Tax Executive to £275 per hour for a Partner. We will discuss your individual case with you and provide you with an indicative level of fees based on your case.
Our fees for obtaining a grant of probate based on all of the information provided to us by the family with an estate containing a main residence, 2-3 bank accounts and a share portfolio typically starts from £3000 plus VAT.
The average cost of handling the full process for a simple estate, including the administration, is usually between £7500 – £9000 plus VAT.
This includes:
- Liaising with the family and gathering valuations for estate assets
- Completion of the IHT400 and supporting schedules
- Application for grant of probate
- Running a client account and collecting in funds
- Preparation of estate accounts
- Distribution of the Estate
In addition to these fees, there are some other costs associated with obtaining probate. We will either request these amounts directly from you, or we can disburse them on your behalf and add them to our fees.
These expenses may include:
- Probate application fee £273*
- Copies of sealed grants £1.50* per copy
- Placing a notice in the Gazette £99.90*
- Postage costs to ensure tracked delivery of documents to HMRC and probate registry
*Prices correct at 22/3/23