Personal & Financial legal affairs

At some point in our lives we all need a professional to assist with our personal legal affairs. It’s not always something that we find easy to get round to and sometimes it involves considering issues that, frankly, we’d rather avoid.

It may be a long-term strategy to deal with inheritance tax or just a simple Will after buying your first home; a member of the family may need assistance with their affairs or you might be an executor of a Will and need advice in steering the right course through the administration of the estate.

Whatever the assistance that you need our friendly and dedicated team will ensure that you and your family are best placed for the present and for the future.

Over many years we have built up particular expertise in the following areas:

  • Personal inheritance tax planning
  • Probate and administration of estates
  • Powers of attorney
  • Trusts of land and other assets
  • Making wills
  • Disputed wills and estates

 

Fixed fee probate applications for estates not liable to Inheritance Tax

We provide a fixed fee service for executors/personal representatives who are able to provide us with a full list of the deceased’s assets and liabilities and their date of death values.

We complete the inheritance tax return (IHT 205) and Oath and submit it to the Probate Registry on behalf of the executors/administrators for a fixed fee of £600 including VAT (£100) and disbursements.

The disbursements associated with a probate application are as follows:-

Probate court fee - £155

Commission/swear fee £5 plus £2 per exhibit i.e. for the Will.

Official copies of the Grant of Probate/Letters of Administration -50 pence per copy.

None of these disbursements bear or include VAT

Other probate services

Broadly speaking there are three stages to administering a person’s estate:-

Stage 1 - Ascertaining and valuing assets and liabilities;

Stage 2 - Completing inheritance tax return/s and Oath/probate application to submit to HMRC (if taxable) and the Probate Registry; and

Stage 3 - Collecting in assets, settlings debts and administrative expenses, accounting to HMRC for income tax due during the period of administration and distributing the estate in accordance with the Will/the rules of intestacy where there is no Will.

Executors/personal representatives may wish to get us involved in any of the three stages, most commonly the second stage but in some cases all three stages. The following table gives a range of estimates that you might be likely to expect at each stage depending on whether the estate is taxable or not, and the figures include VAT. The table below does not include estimates for estates with special complications and we endeavour to give our clients the best estimate of fees at the outset of a matter once we have a clear idea of the complexity of the estate.

Otherwise the table below applies.

 

 

Stage 1

Stage 2

Stage 3

Total for all 3 stages

Non-taxable estates

Our fees inclusive of VAT

£600-£1200

£600

£600-£1800

£1800 -£4100

Taxable estates

Our fees inclusive of VAT

£1200-£2400

£1200-£3600

£1200-£3600

£3600-£9600

Disbursements in each case are as follows:-

Probate court fee - £155

Commission/swear fee £5 plus £2 per exhibit i.e. for the Will.

Official copies of the Grant of Probate/Letters of Administration -50 pence per copy.

None of these disbursements bear or include VAT

Ella Nicholson (solicitor), Jill Bagley (Legal Executive) and Jon Wharry (trainee Legal Executive?) deal with Probate work.

Robert  Nicholson
01502 532 314
Ella Nicholson
01502 532 310