When a family member or loved one passes on, somebody must organise their “estate”. A person’s estate is made up of the money, property and any possessions they had at the time they died.
In most cases you will usually have to apply for a Grant of Representation (a Grant of Probate) in order to be able to process their estate. This involves completing an inheritance tax return, (even if there is no inheritance tax payable). All assets in the estate will remain frozen until this document has been received from the Probate Registry.
Our team can provide as much or as little help as you need, and offer tailor-made probate services designed specifically around you. Areas that we can help you with include;
- Registering the death
- Collecting in the financial details of the estate
- Preparing the necessary HMRC forms
- Preparing and submitting the required forms to obtain the Grant of Representation
- Collecting in assets
- Preparing an easy to understand set of Estate Accounts
- Advising in the use of Deeds of Variation
- Handling the sale of any property or land owned by the deceased
Our team of probate experts can meet you at any of our three East Suffolk offices and will guide through this difficult time with compassion and consideration.
A guide to our firm’s fees –
Typically, our charges are:
Probate (non-taxable estate) £850 plus VAT
- Preparing an IHT 205 and Statement of Truth with all information and values of assets and liabilities being provided by the Executors
- Submission to the Probate Registry
Probate (including applying for the Grant and administering the estate)
Each person’s affairs are different and can include multiple assets and beneficiaries. We charge on a work done basis, not a percentage of the value of the estate, and will always be transparent about our charges. Our fees are calculated by reference to the time spent on the matter by members of our team. Details of the hourly rates of the relevant individuals will be specified at the outset. We will always provide you with an estimate of our costs once we have the information required and will update you if for any reason our charges may change.
In both the above cases there is an additional fee payable to the Probate Registry for the Probate Application. As at May 2019 this fee is £155 (+ 50p for each Office Copy required of the Grant of Probate) but this is subject to increase by the Ministry of Justice.