Probate Fees – Value for Money. For help call 03 300 102 300.
We appreciate that many people wish to do as much as possible themselves and may only want a limited amount of help to keep probate fees to a minimum (not that that is always a good idea!) On the other hand, some will want everything done for them.
Our job is to introduce clients to suitable experts and to keep tabs on those experts (via your reports) to ensure they are doing a good job and providing value for money. We used to do it in-house, but experience shows that attracting and keeping good quality staff is really tough. So instead of doing that, we spend our time interviewing experts and other specialists to form a panel with various areas of expertise. We can then chat with you to find out what your needs are, and pass you on to the appropriate panel member, once they have confirmed that they have the staff and time available to do the job. You don’t really want to be 100th in the queue for attention!
Once you confirm that you wish them to act for you, and have agreed the probate fees, we will send you a questionnaire so that you can report any issues to us. This will then influence whom we recommend in future, unless the problems are sorted out quickly.
These are typical Probate Services and options:
(Members of our Estate Planning Peace of Mind Service pay 10% less.)
Option 1: they do all the work – there are two options – a fixed probate fee based on the estate or an hourly rate based on the complexity of the estate and the seniority of the staff who need to do the work. The hourly rate is ideal where the family wish to do some of the easy work or the estate is really simple.
Option 2: 15 minute telephone review fee £60: no report – just a chat and verbal recommendations.
Option 3: 25 minutes Review including telephone discussion and time spent reading papers in advance on more complex, controversial or taxable matters at a cost £195. There is no report – just a chat and emailed recommendations.
Option 4: Deed of Renunciation (to allow an executor to resign).
Option 5: Deed of Variation – to change the way an estate is distributed – with the agreement of those who lose out! This may save IHT, or skip a generation so those that need help get it soon, not 20 or 30 years later. It may also be used to create Trusts, and to protect vulnerable folk.