We provide a number of services on a fixed fee basis in order to provide as much flexibility as possible.
There are two stages to the administration process;
Stage 1: The work required to obtain the grant of probate (where there is a Will) or the grant of letters of administration (where there is no Will)
Stage 2: The work required after a grant is obtained.
The amount of work involved in both stages will depend on whether the estate is taxable.
All services provided by Yates Legal are subject to VAT at the current rate of 20%
Grant Only – all costs exclusive of VAT and disbursements
Some clients feel comfortable dealing with the majority of the estate themselves, but just require help with the Court application and the forms to be completed to obtain the Grant of Representation. Our Grant only service may be beneficial for you as, once the grant is obtained, our involvement ceases and we hand back over you to deal with finalising the rest of the estate.
Package 1. Estate Less than £325,000 and you are providing all the information – £850
Package 2.Estate less than £325,000 and we are required to liaise with 3rd parties to obtain details of assets – £1,850 – £2,500
Package 3. Estate more than £325,000 and claim for IHT reliefs such as residential relief and you are providing all of the information. This does not include claims for Agricultural or Business Property relief. – £1,000 – £2,000
Package 4. Estate more than £325,000 and claim for IHT reliefs such as residential relief and we are required to liaise with 3rd parties to obtain details of assets. This does not include claims for Agricultural or Business Property relief. – £2,500 – £4,500
Package 5. HMRC IHT400 forms required, no inheritance tax payable but you are providing the estate information – £1,500 to £2,500
Package 6. HMRC IHT400 required, no inheritance tax payable but we are required to obtain estate information – £3,500 to £5,000
Package 7. HMRC IHT400 required, inheritance tax is payable but you are providing all information – £2,000 to £4,000
Package 8. HMRC IHT400 required, inheritance tax payable and we are required to obtain estate information – £4,500 to £7,000
Where Inheritance tax is due, this is in addition to our fees and is not included in our estimate of fees and disbursements.