Probate Fee Calculator
Traditionally law firms, banks and other professional executors have been permitted to charge a fixed percentage of the value of an estate, much like the fixed commission charged by an estate agent for the sale of a property.
At Stephen Rimmer LLP we do not consider this to always be a fair model for charging or in the best interests of our clients and estate beneficiaries.
We seek to apply a fair and transparent fee for the work undertaken. However, it is not always possible to know at the outset precisely what work might be needed.
In the circumstances we like to give our clients two options;
We can provide a fixed fee at the outset of a matter. Once the fee has been accepted it will not change unless the original information we are given is shown to be incorrect. Any changes may result in the fee generated going up or down. If you would prefer the certainty of a fixed fee you can get an indication of the likely fee by using our calculator above.
The fee generated is subject to assessment by a member of the Stephen Rimmer team. Your details may be passed to a third party we work with so they can discuss the fixed fee quote with you.
All estates vary, so don’t worry if the values of assets or debts fall outside the ranges specified in our calculator – just give us a call on 01323 434414 and we will be delighted to help.
Our fee includes;
• Full estate administration from beginning to end
• Identifying, verifying and valuing all assets based in England and Wales
• Preparing the necessary documentation for the Grant of Probate application and applying to the Probate Registry
• Arranging payment or reimbursement of the funeral account (providing the estate owns assets that can be liquidated)
• Dealing with HM Revenue & Customs (HMRC) for the Inheritance Tax, Capital Gains Tax and Income Tax matters of the deceased but excludes the cost of completing historic tax returns or addressing existing unpaid tax and penalties (any work required in that regard can be separately quoted)
• The registration of a jointly owned property in the survivor’s sole name but excludes the conveyancing fees for any sale or transfer to beneficiaries
• Preparing the accounts of the estate
• Payment to all the beneficiaries ensuring the accurate distribution of the estate
Our fee excludes;
• Any disputed Will or claims against the estate (although our Dispute Resolution team will be able to quote separately for this)
• Administering foreign assets
• Disbursements paid to third parties such as the probate court fee, land registry fees or estate agents commission
• Varying an estate or setting up a Trust (although we can provide you with a quote or fixed fee to do this)
We can provide an upper estimate based on the extent of the work anticipated, calculated using the hourly rate of the expert involved and, where appropriate, an uplift to reflect the importance of the matter and consequent responsibility on the firm. More information on this can be found here.
The final fee charged may vary from the original upper estimate. It may be less if less work is required than first anticipated or it may be more if more work is required. However, we would not exceed the original estimate without first notifying our client, explaining the additional work needed and providing a revised estimate.
Estate Administration in England and Wales is not a reserved legal activity which means that unregulated providers can offer Probate Estate Administration services irrespective of whether they are adequately insured, experienced or qualified.
Stephen Rimmer LLP is regulated and authorised by the Solicitors Regulation Authority and our Private Client Department includes specialist Probate Solicitors, Lawyers and Executives giving you the reassurance that your Probate affairs are being dealt with by a regulated organisation that you can trust.
All fees are subject to our normal terms and conditions and we retain the right to make the ultimate decision on the way we charge where we have been appointed executors in the Will.
How can we help you?
Call us today on 01323 644222 to get the specialist help you need.