Our charges for the administration of an estate are based on the amount of time spent working on the matter, and on the seniority and experience of the fee earners involved. Our charges will be specifically agreed at the outset, once we are aware of the relevant details.
Our current hourly rates range from £295 for a trainee solicitor to £895 for a senior partner/consultant. Where applicable, VAT will be added to our hourly rates at 20%.
Disbursements are costs related to a matter that are payable to third parties. We handle the payment of disbursements on behalf of our clients to ensure a smooth process, and these costs are subsequently added to our invoice.
The disbursements usually incurred during the administration of an estate include, but are not limited to, the following:
Where applicable, VAT will be added to disbursements at 20%.
We do not charge fixed fees for estate administration. Our charges are dependent upon the complexities of the deceased’s affairs, as these govern how much time is spent working on a matter. As each estate is different, it is difficult to give a general estimate of our typical fees. However, our overall charges usually equate to 2% – 4% of the gross value of an estate. Note that this is simply a guide, and our charges may decrease or increase depending on the specific circumstances.
By way of example, if there are limited assets which are all situated within the UK, and if there is only one beneficiary, then our charges will normally be relatively low. In comparison, if there are several assets some of which are international, and if there are a significant number of beneficiaries, then our charges will usually be higher.
Typically, the cost of obtaining a grant of representation and administering an uncontested estate consisting solely of assets situated in the UK, where the deceased was UK domiciled and where an inheritance tax account is not required, will be between £7,500 and £25,000.
The following services may be required during the course of an estate administration, and they are not included within our typical charges detailed above. If required, we will charge for these services separately, and we will provide a quote for the additional work.
The administration of a non-taxable estate can often be finalised within 18 months, and the administration of a taxable estate can often be finalised within two years. However, these timescales are subject to the individual circumstances and complexities of the estate in question. For instance, if a dispute arises, then these timescales will be elongated.
You may review the experience and qualifications of our Probate Team here.
Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
Close