Price Bailey is licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales. We offer a bespoke service and pricing arrangement for each individual client but provide some general guidance about how we operate below.
Our team of probate and estate practitioners are managed by Heidi Berry and Donna Mahoney.
We charge for our work based on the time spent working for you and the hourly rate of the person carrying out the work. Our hourly rates currently range from £280 to £500 plus VAT at 20%.
Before we start work we will provide a bespoke estimate based upon the particular circumstances of your matter. Fees vary according to several factors including the complexity of the matter, the deceased not having a will (Intestate), whether there is an overseas element, the value of the estate, the tax position, the type of assets held and the number of executors and beneficiaries involved.
If we can provide a fixed fee for work, we shall endeavour to do so.
Typical probate costs range between £1,000 – £12,000 + VAT. Examples of our fees are as follows:
Scenario 1 – Probate only – Estimate £1,000 + VAT
Scenario 2 – Probate and estate administration – Estimate £12,000 + VAT
Other costs in addition to our charges might include
This very much depends upon the complexity of the estate, how quickly third parties react to requests for valuations and other information, whether land or business assets need to be sold and whether tax is payable. It will also depend upon the processing time of HMRC and the Courts. Based upon our experience it is currently taking between 6 and 9 months to obtain a grant of probate and a further 12- 18 months to complete the administration of an estate. We will be able to give you a better idea of how long it will take to administer the estate once we have more details and as the matter progresses.
For details of our complaints handling procedures and legal information, please click here.
Costs quoted are at 1 February 2022
Probate services are provided by Price Bailey Private Client LLP. For information about our regulatory status see www.pricebailey.co.uk/legal
Contact us today to find out more about how we can help you