We appreciate this can be a very difficult time for our clients and will make every endeavour to make the process as easy as possible for you.
Our specialist Solicitor will be able to advise you whether tax is payable on the estate, and whether the smaller or larger of the IHT Forms will need to be lodged, depending on the size of the estate.
We can fill in and finalise all IHT Forms for you, which will involve collating all asset values etc. and submitting the forms to the Inland Revenue and dealing with any tax due. We also have an in-house Accountant who can deal with any tax Returns that may need to be lodged on behalf of the deceased.
Once the IHT Forms are dealt with by the Inland Revenue we can prepare the Oath for swearing and submit the same at the Probate Registry with the request for a Grant. There are varying types of Grants as listed below: A general rule of thumb is that a Grant will be required if the estate has a value of more than £5,000.00. Also some organisations require one to distribute funds.
- A Grant of Probate (if there is a Will)
- A Grant of Administration (if there is no Will)
- A Grant of Administration with Will Annexed
Once the Grant is received in from the Probate Registry, we can proceed and collect in all monies due to the Estate and settle any monies due from the Estate. We will also deal with the distribution of the estate in its entirety and produce Final Estate Accounts at the finalisation thereof.
Please call to discuss fees with us, as obviously all estates vary in size and complexity. The estate can be dealt with on an hourly rate basis £295.00 per hour plus VAT and disbursements, or a fixed quote can be given in advance (which will of course be dependent on the size of the estate and its complexity).
The current fee for lodging an application for a Grant is £155.00 (inclusive of VAT) which is payable to the Probate Registry.
There may also be a small Land Registry disbursement if Office Copies to the deceased’s property are required. These would not be more than £15.00. The Probate Registry charge £1.00 for additional official Certified Copies of the Grant.