The Probate Department Solicitors Probate Fees and Options England and Wales.
At The Probate Department solicitors, we realise that there are widely varying levels of help people need when sorting out an estate. Some are so simple that our Free DIY Probate Guide will provide enough help. Some need a free 5 minute chat. Others need more detailed services, and we like to thing we have all the options covered. Here they are:
DIY Probate Services – for simple estates and the determined DIYeyer who might want limited support. The service may cost less than an hour of typical probate solicitors fees – check it out if you think it might be relevant. And if you case proves too complex, we can provide as much or as little extra help as you wish (though at our usual modest rates!)
Our Silver Probate Service can handle straightforward estates or complicated ones where trusts or Inheritance Tax may be an issues but you want to keep costs down by doing as much as you can yourself.
Here is our range of Probate Services and options:
(Members of our Estate Planning Peace of Mind Service pay 10% less.)
BRONZE PROBATE SERVICE: keeping costs down.
Option 1: 15 minute telephone review fee £60: no report – just a chat and verbal recommendations.
Option 2: Deed of Renunciation (to allow an executor to resign) £180.
Option 3: DIY Probate – we supply the documents for a straightforward non taxable estate and written general guidance and review the forms you have completed for £249.
Option 4: we do the work for a straightforward IHT 205 grant only at our normal rates. Typical fees range from £800 – £1500 plus VAT & third party charges. For hourly work, rate 1 applies for most of the work and supervision is at rate 2.
SILVER PROBATE SERVICE:
Option 5: 30 minutes Review including telephone discussion and time spent reading papers in advance on more complex, controversial or taxable matters. £150 No report – just a chat and verbal recommendations.
Option 6: DIY Probate Review we supply the documents for a straightforward estate needing an IHT 400 due to trusts or Inheritance Tax and written general guidance. We then review the forms you have completed for £449.
Option 7: Silver Probate normal estates IHT 205 full service charged at our normal rates. Typical fees from £1200 – £2,200 plus VAT & third party costs. Or our special part DIY Silver Grant Only Probate Service.
Option 8: Silver Probate for more complex estates needing the attention of more senior staff IHT 400 grant only. Typical fee range £1800 – £3,000 plus VAT and third part expenses. For hourly rate work, the bulk of the work will normally be at the senior case worker rate 3, with supervison at rate 4. Alternatively, save money by using our Grant only Silver Service.
GOLD PROBATE SERVICE:
Option 9: Gold Probate Review with papers being reviewed in advance (includes up to 2 hours of senior staff time) £495 with a written report on our recommendations as long as time allows.
Option 10: Gold DIY Probate Review with papers: we provide the paperwork you need to gather in the necessary information, then review the completed forms. The £900 fee includes up 3.5 hours of senior staff time.
Option 11: Gold Probate complex and taxable estates full service is charged at rates 3 and 4. Range £3,000 up plus VAT & Disbursements For hourly rate work, straightforward work will normally be at the senior case worker rate 3, with supervision and input from a senior manager at rate 4. Or save money with our Grant only Gold Probate Service.
Bear in mind that we try to ensure that work is done at the lowest practical fee band, in order to keep our fees as low as possible. Charges are by the minute, and the only additions are third party costs we have to pay on your behalf such as Court or Land Registry fees, advertising etc. Rates are reviewed annually and the rates applying (including VAT at 20%) as at 1st September 2015 until March 2016 are:
- Support Staff Rates – a maximum hourly rate of £75 for support and junior staff, which could save you £200 or more per hour compared with some firms.
- Probate Rate 1– hourly rate Bronze Service & Silver IHT 205 case worker £156.
- Probate Rate 2 – hourly rate Bronze Service IHT 205 Manager £204.
- Probate Rate 3 – hourly rate case Silver & Gold Service case worker Trust/ IHT case £204.
- Probate Rate 4 – hourly rate Silver IHT 400 & Gold Manager £252.