GRANT ONLY
| Legal Fees | VAT | Total | |
| IHT 205 | £750.00 | £150.00 | £900.00 |
| IHT 205 including IHT 217 | £1,000.00 | £200.00 | £1,200.00 |
| IHT 400 | £1,500.00 | £300.00 | £1,800.00 |
FULL ADMINISTRATION SERVICE
To include but not limited to:
- Obtaining valuations of all assets and liabilities passing by the will or intestacy and assets or gifts included for Inheritance Tax purposes
- Obtaining information to finalise the income tax position to date of death
- Completing the relevant forms IHT205/IHT400
- Completion of Oath for Executors
- Completion of Section 27 notices to creditors (if required)
- Register the Grant of Probate with each of the asset holding institutions
- Collect in the cash of the estate and transfer assets as instructed
- Complete income tax return for the administration period
- Complete estate accounts
- Obtain approval to estate accounts from Executors
- Complete bankruptcy searches against beneficiaries
We charge on a time-spent basis for this type of work. The exact costs for this service depend on the individual circumstances in the matter. An average estate with a property to be sold can usually be administered in between 20 and 30 hours. As an estimate guide, this could equate to between £5,000 and £7,000 plus VAT and disbursements depending on the fee earner.
The usual disbursements incurred include:
- Probate application fee £155
- Each additional copy Grant £1 (per copy)
- £7 Swearing of the Oath fee (per executor)
- Bankruptcy searches £2 (per beneficiary)
