Probate

What is Probate?
A Grant of Probate is a Court Order providing legal authority to deal with and administer the Estate of someone who has passed away. The responsibility lies with the executors of a Will who often appoint a professional to deal with the Probate and Administration on their behalf. Probate will almost always be required where property is involved (except jointly owned property after the first death) and typically for bank accounts worth over £20,000 (although it’s not unusual for banks to require it for much smaller amounts).

We have two services available, the Grant Assist Service, or Full Administration:

Grant Assist Service:



For Estates which are relatively straightforward, and the Executors would prefer to distribute any inheritance, transfer / sell any assets themselves, but require assistance with obtaining the Grant of Probate, we will:

  • Value the Estate;

  • Liaise with bank accounts, asset holders etc;

  • Complete the necessary application forms; and

  • Apply for the Grant of Probate.

    Once the Grant is received, it will be sent to the Executors who can carry out the next steps themselves.

Full Administration:



This involves the same steps as above, in addition to the more complex stages after receiving the Grant, by fully administering the Estate. On behalf of the Executors, we will:

  • Take on all of their responsibilities and duties;

  • Value the Estate;

  • Apply for the Grant of Probate;

  • Collect in all the assets;

  • Pay any debts, liabilities and tax from Estate funds;

  • Handle the sale / transfer of any properties via our conveyancing;

  • Distribute all the assets; and

  • Produce final Estate Accounts.


Cost
We aim to provide clients with a clear and fair indication of our fees, which will depend on whether we have been instructed for the Grant Assist Service, or for Full Administration:

Grant Assist Service:


A fixed fee of £750 to be paid when the Grant of Probate application has been submitted.

Full Administration:


For Estates valued up to and including £325,000, we charge an hourly rate of £180 per hour, with the work taking approximately 12-15 hours to complete. Our fees will be in the region of £2,160 to £2,700.

Or

For Estates valued over £325,000, we charge a fixed fee equivalent to 1% of the gross value of the Estate.


Disbursements
Third party costs are also payable in addition to our fee, and we will provide an estimate of these fees at the start of the process. Below is an example of some of the fees which may be incurred:

Application Fees£273 + £1.50 per copy
Land Registry Title£6-12 per property
Bankruptcy Search£2 per property
ID Verification£6 per person
London Gazette Advert£100 plus VAT
Conveyancing CostTo be quoted


Instructing Alexander Legal Services
During our first meeting, we will advise you of the process, the likely cost and the timescales for completing the application. We will ask you to bring certain documents with you so that we can begin to value the deceased’s Estate and determine the complexity of the work ahead. Some of these documents include:

  • The deceased’s Will;

  • The deceased’s death certificate;

  • Details of any property;

  • Bank statements; and

  • Contact details for all Executors and Beneficiaries.

A full list of required documents will be sent ahead of your appointment.mplexity                                                                                                                           000 - £6,000