Probate Pricing Examples

Example 1:

A simple estate with one residential property, two bank accounts, no shares, and two beneficiaries. The estate is valued at below £400,000.

Pricing would include:

Legal fees for the work of:

Price Mann Probate Services Ltd

·       Drafting a submitting the application to the Probate Registry

Price Mann Ltd (the accountancy firm)

·       Valuation of the estate

·       Calculation of the inheritance tax (verifying that does not apply)

·       Administration of the estate                                                                                                                      £3995

Applicable disbursements:

• Probate Registry fee                                                                                                                                      £300
• Three official copies of the grant of probate                                                                                               £4.50
• Notice in local paper                                                                                                                                     £264
• Notice in the London Gazette                                                                                                                       £104

Total for free, disbursements, and VAT                                                                                                                      £4667.50

All fees are paid directly to Price Mann Ltd Client Account

Example 2:

A more complex estate with one residential property, three bank accounts, shares, and four beneficiaries. The estate is valued at below £500,000.

Legal fees for the work of:

Price Mann Probate Services Ltd

·       Drafting a submitting the application to the Probate Registry

Price Mann Ltd (the accountancy firm)

·       Valuation of the estate

·       Calculation of the inheritance tax (verifying that does not apply)

·       Administration of the estate                                                                                                                      £6995

Applicable disbursements:

• Probate Registry fee                                                                                                                                      £300
• Four official copies of the grant of probate                                                                                                 £6
• Notice in local paper                                                                                                                                     £264
• Notice in the London Gazette                                                                                                                       £104

Total for free, disbursements, and VAT                                                                                                                        £7669

All fees are paid directly to Price Mann Ltd Client Account

Please note the above doesn’t include property valuation fees and conveyancing fees. These are fees that will be paid to third-party providers so can vary significantly, but a quotation will always be obtained before the services of such third-party providers are engaged.

Please also remember this figure does not include the inheritance tax that had to be paid from the estate.

Example 3:

A complex estate with two residential properties, a business, four bank accounts, shares, and six beneficiaries. The estate is values at below £1,500,000.

Legal fees for the work of:

Price Mann Probate Services Ltd

·       Drafting a submitting the application to the Probate Registry

Price Mann Ltd (the accountancy firm)

·       Valuation of the estate

·       Calculation of the inheritance tax (verifying that does not apply)

·       Administration of the estate                                                                                                                      £8995

Applicable disbursements:

• Probate Registry fee                                                                                                                                      £300
• Four official copies of the grant of probate                                                                                                 £6
• Notice in local paper                                                                                                                                     £264
• Notice in the London Gazette                                                                                                                       £104

Total for free, disbursements, and VAT                                                                                                                        £9669

All fees are paid directly to Price Mann Ltd Client Account

Please note the above doesn’t include property valuation fees and conveyancing fees. These are fees that will be paid to third-party providers so can vary significantly, but a quotation will always be obtained before the services of such third-party providers are engaged.

Please also remember this figure does not include the inheritance tax that had to be paid from the estate.