Probate Costs
Applying for the grant, collecting and distributing the assets
We focus on your unique needs and guide you through every step of what can often be a complicated and intimidating process, helping you navigate Probate costs with ease.
Providing there is a valid Will our fees are based upon 2.5% of the gross estate value with a minimum retainer of £2,500 + VAT plus disbursements. VAT will be payable on our fees and some disbursements, currently 20%, and we will clearly confirm which disbursements carry VAT in our formal quotation or as we advise you to incur them.
As well as our fees you must also pay for any expenses we incur on your behalf. These expenses are called “disbursements” and sometimes attract VAT.
The following disbursements are commonly payable in addition to this fee:
- Probate application fee of £300
- Copies of grant at £16.00 each
- Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
- Land registry search £3
- £92 + VAT (£110.40) Post in the London Gazette – Protects against unexpected claims from unknown creditors.
- £115.20 (estimated) Post in a Local Newspaper – This also helps to protect against unexpected claims. This will vary depending on where the advert is placed.
- Unclaimed asset search £195 + VAT (£234.00)
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry or court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Potential additional Probate costs
- If there is no Will and Letters of Administration are required, our fees are based upon 3% of the gross value of the estate with a minimum retainer of £3,500 + VAT plus disbursements
- If the estate consists of any shareholdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
- Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
- On average, estates that fall within this range are dealt with within 6-9 months. Typically obtaining the grant of probate takes 10-12 weeks, depending on how quickly information is provided by the asset holders. Collecting assets then follows, which can take between 10-12 weeks. Once this has been done, we can distribute the assets, which normally takes 10-12 weeks.
Why choose Tayntons Probate solicitors?
Tayntons’ probate solicitors and lawyers offer practical, empathetic support for all aspects of the probate process to Executors and other interested parties in Gloucester and throughout Gloucestershire, including Cheltenham and the Forest of Dean and further afield.
Our team has over 10 years of experience in delivering high-quality work in all matters relating to Probate. There are two fee earners in the Probate team who may work on your matter Regardless of who works on your matter; they will be supervised by Adam Hampson (Associate Solicitor), Acting Head of Probate.
Working alongside our probate team, we have a very reliable residential property team who can assist with all of the property issues that tend to arise during the probate process, such as selling property and transfer of title.
Tayntons has achieved Lexcel accreditation from the Law Society, recognising the strength of our practice management and client care. We are independently regulated by the Solicitors Regulation Authority (SRA) providing
Get in touch with our Probate solicitors in Gloucester
Need help with Probate costs in Gloucester, Cheltenham, the Forest of Dean or anywhere in Gloucestershire? Please contact us today by calling 0800 158 4147, emailing us at info@tayntons.co.uk or requesting a call back.
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