Probate

Losing a loved one is always a very traumatic experience. This trauma is often compounded by the need to administer their estate, which can often be complicated, time-consuming, and involve highly charged emotions.

Often, the thought of instructing a Solicitor at this stage can itself be equally daunting.

At Wadsworths, we pride ourselves at being able to help to take the stress of administering the Estate off the shoulders of our clients. We offer a service, entirely bespoke to those instructing us, ensuring that we neither do too much, nor too little towards the administration of an estate. We can act either just to obtain the Grant of Probate, just to deal with the financial matters or handling the entire estate.

We are able to offer a fixed fee, giving clients peace of mind that they will not be hit with a large unexpected bill at the conclusion of the matter.

Clients are often very surprised at how reasonable the costs of administering an estate are, and feel that they represent excellent value for money for the service involved.

We offer a free, no obligation half hour consultation to discuss your particular needs – and to give you general advice on whether you need the input of a Solicitor, and if so what the likely fees would be.

Full Administration of Estate

It is common for Wadsworths Solicitor to assist an Executor in administering every aspect of a person’s estate. This would include making, initial enquiries with banks, building societies and other third parties associated with the deceased. We would also assist the Executor in obtaining a Grant of Probate and then distributing the deceased’s assets as per the terms of their Will or if they don’t have a valid Will in line with the Intestacy Provisions of England and Wales.

On average this entire process takes between 16 and 50 hours’ work at an average of £200 per hour, plus VAT.

Total costs estimated at £3,500 to £10,000 plus VAT.

The exact cost will depend on the individual circumstances of the matter.

The estimate given is for estates where:-

  • There is a valid Will
  • All Executors are in agreement
  • There is a single property
  • There is no inheritance tax payable and the Executors do not need to submit an Inheritance Tax Account to HMRC
  • There are no claims made against the estate

We anticipate that the following disbursements (payments to others) will be payable on a typical estate:

  • Probate application fee of £273 plus £1.50 per copy Grant required (no VAT charged)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary) (no VAT charged)
  • £80-200 (inc VAT) Statutory Notices to creditors (these protect against unexplained claims from unknown creditors)

The fee quoted above may be increased if it is found that the estate contains any of the following:

  • If there is no Will
  • If the estate consists of any share holdings (stocks and bonds)
  • If the estate consists of investments
  • If there are a higher number of beneficiaries (or the whereabouts of a beneficiary is unknown)
  • If there are multiple properties or foreign assets
  • If the deceased made substantial lifetime gifts or had an interest in a trust
  • If the Will contains a trust

We can give you a more accurate quote once we have more information.

TIMESCALES

On average, simple estates that do not include any of the additional problems outlined above can be dealt with within 6 -12 months.

It is common for a Grant of Probate to be received within 8 – 14 weeks after we have obtained all of the necessary information.

We strive to have liquid assets collected within 6 – 10 weeks of the Grant being obtained.

The distribution of the estate after approval of the estate accounts generally takes 2-3 weeks.

Obtaining a Grant of Probate

Wadsworths Solicitors offer a fixed-fee service where we obtain the Grant of Probate on behalf of an executor.

Once the Executor has provided us with the relevant information we can then prepare the Inheritance Tax return and Legal Statement that will be sent to the Probate Registry.

The Executor then undertakes the process of collecting in and distributing the assets.

Our fees start at £2,000 plus VAT and depend upon which HMRC forms need to be completed and whether there is any Inheritance Tax payable.

HMRC Form IHT205 only

Cost guide of:

• £2,000 plus VAT. 
• Value of estate is less than £325,000 or less than Lim and spouse/charity exemption applies.

 

HMRC Forms IHT205 & IHT2l7

Cost guide of:

Grant of Probate with IHT205 starting from £2,000 plus VAT. 

Grant of Probate with IHT217 starting from £2,500 plus VAT.

• Value of estate is less than £650,000 and 100% of Inheritance Tax Nil Rate Band of first spouse is available to transfer.

 

HMRC Inheritance Tax Account IHT400 (all other scenarios)

Cost guide of:

• Starting from £3,000 plus VAT (where no tax is payable) and from £4,000 plus VAT (where IHT is payable).

Disbursements (payments to others) also payable:

Cost guide of:

• Probate application fee of £273 plus £1.50 per copy Grant required (no VAT charged)

Timescales

Obtaining the Grant of Probate typically takes 8 – 14 weeks.

If an Inheritance Tax Account IHT400 is required and/or Inheritance Tax is payable, we will need to obtain clearance from HMRC before our application can be sent to the Probate Registry, this will add a further 4 – 6 weeks to the timescale.

“Having used Wadsworths Shirley branch previously for a relative’s will, I knew who I was going to use for my own will. Michael Wadsworth knows his stuff, he also gave advice on another matter, which was appreciated. Everything was pretty much straightforward. The service provided has been excellent. I’m also using the Tamworth branch for a probate matter.”

Trustpilot, November 2023

Wills and Probate Shirley & Tamworth
Wills and Probate

“I have been extremely impressed with the work done by Victoria Wadsworth of Wadsworth Solicitors. I have mobility issues and have not been able to get to the Tamworth office, but Victoria has kept me fully informed throughout the whole process of sorting out my step-father’s estate. Her professional manner, her attention to detail and her expertise has made the whole process far more manageable than I expected. I fully recommend her work. Thank you so much Victoria!”

September 2023

Probate Tamworth
Probate

We first used Wadsworths Solicitors about 18 months ago, at their Shirley branch, & have since needed to employ their services at their Tamworth branch (a long 12+ month process, involving lots of communication) & again at Shirley, so we’ve now used them for 3 different matters.

In all instances, we’ve been extremely pleased with the service we’ve received, from all 3 departments. Should the need arise, we would have no hesitation in using Wadsworths Solicitors again, or recommending them.

Google Review, September 2023

Probate Tamworth
Probate

“Probate of my late mother’s estate
I was very happy with the speed and efficiency with which certain employers dealt with the execution of my mother’s will and estate during a time of grief and personal stress.”

Review Solicitors, August 2023

Probate & Residential Conveyancing Tamworth
Probate & Residential Conveyancing

“Great service from Wadsworths again. Special thanks to Kate Walker who was always very helpful and supportive during a difficult time, proactively keeping us informed and guiding us through the process which turned out to be less than straightforward. Would not hesitate to recommend this firm.”

March 2023

Probate Tamworth
Probate

Meet Our Probate Team

The department is supervised by Michael Wadsworth (Director).

Victoria Wadsworth

Kate Walker

Probate Caseworker

kate.walker@wadsworthslaw.co.uk

 

Sharon Lowndes

Probate Assistant

sharon.lowndes@wadsworthslaw.co.uk

 

 

Lily Franklin

Probate Assistant

lily.franklin@wadsworthslaw.co.uk

 

Lisa Cunningham

Probate Assistant

l.cunningham@wadsworthslaw.co.uk

 

 

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