Probate Full Administration – No Inheritance tax to pay estate under £325,000

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Costs and Service Information – Uncontested Probate (with all assets in the UK)

Please note that there will be two elements to the prices as set out below:

  1. Fees charged by Burys Solicitors; and
  2. Fees payable to third parties.

Please ensure that you consider both parts of the price information.
All quoted fees include an initial home visit at no extra charge.

Probate Full Administration – No Inheritance Tax

Burys Solicitors are responsible for collecting in the monies due, accounting to Executors and distribution to beneficiaries. Time intensive as we are dealing with client money
and Executors will need to be spoken to many times. Estate is not liable to inheritance tax (estate is worth less than £325,000).

Fees charged by Burys Solicitors

Our legal fee is £2,600 + VAT (£3,120 inclusive of VAT)

Fees payable to third parties (‘Disbursements’)

Fee
Probate Registry’s fee
Probate Registry’s fee for extra copies

Actual fee
£155.00
£0.50 per copy

VAT
£0.00
£0.00

Work carried out includes:

  • Taking your instructions.
  • Liaising with asset holders on your behalf.
  • Assessing the nature, extent and value for inheritance tax purposes of the Assets of the Estate.
  • Assessing the nature, extent and value for inheritance tax purposes of the Liabilities of the Estate.
  • Arranging any insurances for any property that needs to be safeguarded during the period of the administration.
  • Engaging with HMRC as to the valuations of assets or of liabilities contained within the data retrieved by us or supplied to us.
  • Engaging HMRC as to the basis of calculation of any past current or future liability to inheritance tax, capital gains tax, income tax or any other taxes triggered by the
    application for probate.
  • Engaging with the Department of Works and Pensions regarding any liability of the Deceased arising from overpaid benefits or from the ineligibility of the deceased due
    to any oversight in providing full disclosure of capital or income.
  • Engaging with charities and their designated officers on your behalf.
  • The preparation of the Statement of Truth for the Probate Registry.
  • The preparation of IHT205 for HMRC.
  • Procuring the Grant of Probate or Grant of Letters of Administration.
  • Collecting in assets, closing accounts or discharging any liabilities of the estate.
  • Preparing final estate accounts covering the period of administration of the estate.
  • Arranging for final distribution among entitled beneficiaries.

Our fees do not include:

  • Attending Inquests or liaising with the Coroner’s Service.
  • Arranging funerals or funerary services.
  • Authenticating or dealing with any problems arising from the form or content of any Will or Codicil with the Will (where the original is lost, destroyed, defaced or
    incomplete, or otherwise in a physical state giving rise to further query or investigation by the probate registry).
  • Investigating or looking behind any asset or liability data supplied by you, your accountant or your financial adviser or any third party authorised by you.
  • Dealing with the Isle of Man Probate Registry where assets are held in that jurisdiction.
  • Dealing with the sale or transfer of any property in the estate.
  • Dealing with the purchase or transfer of assets between beneficiaries.
  • Estate planning for beneficiaries or their families.
  • Preparing Deeds of Variation in respect of inheritance tax or capital gains tax.
  • Preparing Income Tax returns for the Deceased or his estate or for beneficiaries.
  • Administering any trusts created by the Deceased or by the Deceased’s Will.
  • Challenging any assessment of residential care fees liability of the Deceased.
  • Challenging the financial management of the Deceased’s funds by former attorneys or deputies.
  • Arbitrating or mediating disputes between beneficiaries.
  • Dealing with any claim or claims made against the estate (whether made by any third-party creditor or by any beneficiary or any claimant whether named in the Will or
    entitled by reason of the application of the rules of intestacy or otherwise).

Timescales

We would normally expect a non-taxable estate to be completed within 6-12 months of the date of your instructions to us (provided we receive all documentation required to
carry out your instructions).

However, this timescale cannot be guaranteed as it is often difficult to assess immediately or at the outset of a matter and with definitive accuracy how long any administration
will take as this depends on several factors such as:

  • The complexity of the asset portfolio.
  • The number of properties in the estate.
  • The number of beneficiaries and whether they get on.
  • Whether there is any claim being made against the estate by agencies such as HMRC, the DWP and third-party creditors
  • Whether there is any claim being made against the estate by charities who seek to contest their removal from any final will.
  • Whether there is any claim being made against the estate by a disappointed or overlooked beneficiary.

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