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Wills & Probate Costs with Taunton Solicitors

How Much Does Probate Cost with a Solicitor?

At Taunton Solicitors, we understand that transparency is important when it comes to wills and probate costs. The cost of probate with a solicitor varies depending on the complexity of the estate, the number of beneficiaries, and the types of assets involved. For straightforward cases, probate costs are typically clear and manageable. For more complicated matters, such as those involving trusts or complex estate planning, our fees will be based on our current hourly rates. We will always provide you with a clear estimate of likely costs before you instruct us.

Why Does a Will Go to Probate?

A will often needs to go through probate to ensure that the deceased’s wishes are carried out legally and efficiently. Probate is the legal process of proving a will is valid and administering the estate. This step is necessary to collect and distribute assets, pay any debts, and transfer property to the rightful beneficiaries. Not all estates require probate, but most do, especially if property or significant assets are involved.

Average Cost of a Will and Trust in the UK

Taunton Solicitors are happy to deal with any enquiries that you have, whether by telephone or email.  However, the following guidance sets out our charges for various aspects of our work.  Particularly complicated Wills, Trust Deeds and Estate Planning would involve higher fees, based upon our current hourly charging rates.  In such cases, you will be provided with an estimate of likely costs at the time that you provide us with instructions. Once instructed please note once the WILL, Codicil or LPA is drafted our cost become payable.

WILLS & LPAs Package Discounts available please ask our Team Telephone: 01823 351122

WILLS

Single (Basic)                             

264.00 plus VAT

Mirror (Basic)                             

418.00 plus VAT

Property Trust Will

418.00 plus VAT

Mirror Property Trust Will

528.00 plus VAT

Single Codicil

£300.00 plus VAT

Mirror Codicil

£450.00 plus VAT

Travel (within Taunton)                              Other areas covered refer

55.00 plus VAT

Other Wills – based upon hourly rate  (£320 plus VAT)

Otherwise case by case basis (hourly rate of £320 plus VAT)

LASTING POWERS OF ATTORNEY (LPA)

1 x LPA

357.50 plus VAT

2 x LPA

572.00 plus VAT

3 x LPA

929.50 plus VAT

4 x LPA

1144.00 plus VAT

Office of Public Guardian Fee (per LPA)

82.00

ENDURING POWER OF ATTORNEY (EPA)

Registration with Office of Public Guardian

600.00 plus VAT

 

  1. DEPUTYSHIP

Application – Fixed Fees (unless exceptional circumstances)

  • Application

950.00 plus VAT

  • Trustee Appointment

500.00 plus VAT

ESTATE ADMINISTRATION

Probate Court fee for Estates over £5,000 

£300

1 – GRANT ONLY

– IHT 205

From 1,450.00 plus VAT

– IHT 400

From 2,200.00 plus VAT

2 – ENTIRE ESTATE (average size estate)

  1. IHT 205 (Estimated)

From 3,500 plus VAT

  1. IHT 400 (Estimated)

From 4,500 plus VAT

3 – ENTIRE  ESTATE

Unlike other probate practitioners, Taunton Solicitors do not charge a “value element” when calculating fees (a percentage of the value of the estate).

Our charges are based entirely upon the time spent on your case, at the current hourly rate of the person undertaking the work.

All estates are supervised by a partner of the firm, but you will not be charged at a partners rate, as may happen at other firms. You will only pay for the work done.

Typically costs will range from £4,500.00 to £10,000.00, plus VAT and disbursements.

Although the above costs are what we would expect for typical costs, it wouldn’t be be unusual for costs to exceed £10,000.00 in certain circumstances. Please call our offices for a more more information .

 

PROPERTY

Deed of Variation

500.00 to 750.00 plus VAT

Assent/Transfer (plus registration fee, TBA)

From 350.00 plus VAT

Please contact us to make an appointment

Email: [email protected]

Telephone: 01823 351122