Wills and probate
It is always best to draw up a will in advance. Not only is this a good way to avoid disputes and to ensure that your wishes are met, you can also protect the inheritance you leave behind in a number of different ways.
We provide advice on the following issues:
- Preparing a will
- Probate and administration
- Powers of attorney
- Trusts and insurance
We do not charge a percentage fee related to the value of the estate.
Our view is that we should charge only for time spent in administering the estate, at the published charge rate of the fee earner instructed. We will supply charge rates upon request. These are subject to fluctuation but will not exceed the rates commonly allowed by our local county court at Gloucester and Cheltenham.
The current charge rate normally used is £215 per hour.
The cost of administering an estate depends on a number of factors, including:
- The number and type of assets involved
- The amount of documentation
- Whether the estate includes real property (a house, flat or land)
- Whether Inheritance Tax (IHT) is payable
- Whether a simple or complex IHT return is required
- Whether the deceased was in business
- Whether the deceased was involved in an unresolved dispute
- The number and types of legacies
- Whether beneficiaries have to be traced
In addition to our costs the court fee to obtain probate is £155 plus £1-50 for each copy
We usually advise the publication of Trustee Act notices at a cost of about £220.
No accurate estimate can be given until the above factors are known.
However, as a general guide our average bill for administering an estate in the last complete tax year was £3,500 + VAT.
The above does not cover disputed estate or estate litigation.
If you have any questions or would like to make an appointment to discuss this area, please call us on 01452 529751 or use our contact form.
Contact us to arrange a meeting
Luttons Dunford Solicitors
49 Brunswick Road
Tel: 01452 529751
Luttons Dunford Solicitors
16 Imperial Square
Tel: 01242 588570
Or use our contact form.
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