What Do Solicitors Charge for Probate ?
Do I Need a Probate Solicitor ?
The starting point in all cases is finding out whether you actually need or require probate. The main reasons you will typically require probate are as follows :-
- To Sell a Property
- To Make a Claim on behalf of an estate
- To collect monies under an Insurance Policy
- To collect monies from a bank
- To collect monies from a Death Benefit
When to seek legal advice from a solicitor
- Obtaining probate in very small estates can be straightforward, but not in every case. We typically advise that you seek help from a probate solicitor in the following circumstances :
- When the estate involves inheritance tax issues
- When the estate involves claiming tax reliefs or exemptions
- When the will is maybe unclear as to its terms
- There are issues as to the validity of the will
- There is an intimation that a claim is going to be made against the estate
- The estate has large debts
- The deceased died intestate and there are issues as to who inherits under the intestacy rules
- There are foreign assets
- There are various Charities as beneficiaries
- The estate involves complicated assets
How Much Do Solicitors Charge For Probate ?
There are lots of stories on line about high costs of probate – we are a little bit different and will always charge a fixed fee, this is different from most law firms and other providers who will typically charge for their probate services in one of the three types of way :
- The most favoured way of charging is by the hour. This doesn’t incentivise any form of efficiency
- As a percentage of the estate typically 0.5%-3% is the norm but this way can distort fees for example imagine an estate with just one bank account of £300,0000 if a 1% is charged the costs would be £3,000, by contrast an estate with just one bank account of £100,000 the fees would be £1,000. This is despite the work been exactly the same.
- An hourly rate and a small percentage
Why we are different in how we charge
We are a modern, progressive law firm that recognises that the old way of charging is unsustainable going forward. For this reason, we offer a guaranteed fixed fee with all costs deferred until the end of the case. A fixed probate fee is much fairer because :-
- You know exactly what the cost will be at the beginning of the case
- A fixed fee creates efficiency
- Cuts down on unnecessary work
- Enables a balanced decision to be made at the beginning of the case as to why it is cost efficient to use a solicitor
Getting a probate quote
We have a fairly straightforward checklist of questions that we ask after which we can then provide a quote, the questions are :-
- did the deceased leave a will or die intestate with no will ?
- how many beneficiaries are there
- what are the assets and liabilities
Having answers to those questions enables us to provide you with a fixed fee straightaway. We then send the quote, summarising exactly what we will need to start work, which is a standard form, the death certificate and a copy of the will.
If you would like a guaranteed fixed fee quote – call us now on 0845 269 3571 or use our contact form.