PART ONE – FIXED FEES
|
| Table and Document Description |
Fixed Fee (per individual document) |
VAT (20%)
(or current rate from time to time)
|
|
Table 1 – Wills
|
| Standard Will (95% of Instructions) |
£200.00 |
£40.00 |
| Life Interest of Family Home Will
(additional costs of severance required if necessary)
|
£250.00 |
£50.00 |
| Life Interest of Whole Estate for Spouse (IPDI Will)
(and additional costs of severance / Expression of wishes if applicable)
|
£350.00 |
£70.00 |
| Discretionary Will
(additional costs of severance / Expression of wishes included)
|
£750.00 |
£150.00 |
| Nil Rate Band Trust Will – IHT Planning
(additional costs of severance required if necessary)
|
£350.00 |
£70.00 |
| Protected Persons Will |
£350.00 |
£70.00 |
|
Table 2 – Powers of Attorney
|
| General Power of Attorney |
£250.00 |
£50.00 |
| General Power of Attorney (bespoke) |
£400.00 |
£80.00 |
| Financial LPA – Single Person |
£750.00 |
£150.00 |
| Health LPA – Single Person |
£750.00 |
£150.00 |
| Financial & Health LPA’s for same individual (discounted rate) |
£1000.00 |
£200.00 |
| Financial & Health LPA’s for Couples (discounted rate) – Four LPA’s |
£1500.00 |
£300.00 |
| Advance Directive |
£100.00 |
£20.00 |
| Acting as a Certificate Provider (waived when also preparing the above LPA document(s)) |
£250.00 |
£50.00 |
| Registration of an LPA (waived when also preparing the above LPA document(s)) |
£250.00 |
£50.00 |
| Revocation of an existing EPA / LPA |
£300.00 |
£60.00 |
| Registration of an EPA |
£750.00 |
£150.00 |
|
Table 3 – Trusts
|
| Bare Trust |
£750.00 |
£150.00 |
| Life Interest Trust |
£1000.00 |
£200.00 |
| Maintenance Trust |
£1000.00 |
£200.00 |
| Discretionary Trust |
£1500.00 |
£300.00 |
| Personal Injury Trust |
£750.00 |
£150.00 |
| Children Act Family Home Trust |
£1500.00 |
£300.00 |
| Family Assets Protection Trust |
£1500.00
|
£300.00 |
| Declaration of Trust over a Specific Property |
From £1000.00 |
From £200.00 |
|
Table 4 – Supplemental Services to above Documents
|
| Cognitive Test |
£100.00 |
£20.00 |
| Solicitors Certificate of Capacity |
£150.00 |
£30.00 |
| Home Visit(s) |
£75.00 per visit |
£15.00 |
| Obtaining of Medical Certificate |
£250.00 |
£50.00 |
| Statutory Notices upon Revocation of EPA / LPA (optional) |
£250.00 approx. |
|
| Severance of Joint Tenancy (per property) |
£100.00 |
£20.00 |
| Property Investigation (per property) (this fee is waived if the Severance is effected and charged for as above) |
£25.00 |
£5.00 |
| Memorandum of Wishes for Gifts |
£50.00 |
£10.00 |
| S21 Statement in respect of Non-Provision of a “beneficiary” |
£50.00 |
£10.00 |
| Expression of Wishes to support Will Trusts / Lifetime Trusts (inc. In charges for Discretionary Will / Trust) |
£50.00 |
£10.00 |
| Transfer of Property to Trustees and Registration of same at HMLR |
£300.00 |
£60.00 |
| Land Charges Fees and HMLR Fees |
Based upon property value and whether land Registered or not |
N/A
|
| Registration of Trust with HMRC |
£100.00 |
£20.00 |
| Establishment of Bank Account to supplement a Trust |
£250.00 |
£50.00 |
| Completion of Trust Tax Return for HMRC |
Year 1 £350.00
Years 2+ £250.00
|
£70.00
£50.00
|
| Completion of Annual Trust Accounts for Beneficiaries |
Year 1 £350.00
Years 2+ £250.00
|
£70.00
£50.00
|
| Application to have a Deputy Appointed by the Court of Protection |
Min “Fixed Fee” of £1500* |
Current rate |
| General preliminary Advice
(please note that this charge is not deductible from any subsequent work we are specifically instructed upon)
|
1 hour discussion at
£250.00 (discounted)
|
£50.00
|
| Other Wills / Powers of Attorney / Trusts and or Complex / Intricate Instructions |
By agreement based upon time & complexity |
Current rate |
|
Table 5 – Typical Disbursements (3rd Party Fees) payable in respect of Table 1 – 4 Instructions
|
| Doctors Certificate payable to GP |
As per BMA guidelines
(approx. £250 – £500)
|
| Office of Public Guardian Fee (per LPA / EPA) |
£82.00 |
n/a |
| Court Application Fee (Deputyship) |
£365.00 |
n/a |
| Deputy Fee payable to Court |
£100.00 |
n/a |
| Supervision payable to Court |
Annual fee (scale charges) |
n/a |
| Security Bond |
Subject to Court Assessment |
n/a |
| HMLR Fee for obtaining a copy of each Title deed |
£3.00 per property |
n/a |
| HMLR Fee for registering property transfer |
Subject to HMLR scale of charges |
n/a |
|
Table 6 – Probate
|
| Obtaining Grant only – IHT205 case |
£750.00 |
£100.00 |
| Obtaining Grant & Transferred Allowances IHT205 Case |
£1,000.00 |
£200.00 |
| Obtaining Grant only – IHT400 case (no Tax) |
£1,500.00 |
£300.00 |
| Obtaining Grant & Transferred Allowances IHT400 Case (no Tax) |
£1,750.00 |
£350.00 |
| Obtaining Grant IHT400 & Tax Payable |
£2,000.00 |
£400.00 |
|
Deed of Variation / Disclaimer / Appointment Per Document
|
£1,000.00 |
£200.00 |
| Assent of Property (Registered Freehold) |
£300.00 |
£60.00 |
| Value Element Charged on Grant Application only |
0.12% of Gross Estate (exc. Residence)
0.06% of Residence
|
Current rate |
| Renunciation of Probate |
£150.00 |
£30.00 |
| Power of Attorney to lead to above Grant to Nominated Attorney OR Nomination when Intestate and minority interest arises |
£150.00 |
£30.00 |
| Affidavit required by Probate Court to support application due to or ‘Defect’ in Will or execution process. |
From £500.00 |
From £100.00 |
| Resealing / Foreign Grant |
£2,500.00 |
£500.00 |
PART TWO – HOURLY FEES
|
|
Table 7 – Private Client Work during an Individuals Lifetime
|
| Administration (ongoing) of a Donor’s Financial Affairs under a LPA /EPA on behalf of an Attorney or acting for an appointed Deputy during an Individuals Lifetime |
Hourly Charging Rate set out below |
Current rate |
|
Table 8 – Probate Work (Complete Administration of Estate ) upon an Individuals Death
|
|
Full Administration of a Deceased’s Estate
The ‘average’ probate:
Incurs the following chargeable hours:
- Scale A 15 - 30 hours
- Scale B 20 – 60 hours
- Scale C 40 – 80 hours
- Scale D 60 – 100 hours
And results in chargeable costs of:
- Scale A £4,500 - £9,000 plus VAT
- Scale B £6,000 - £18,000 plus VAT
- Scale C £12,000 - £24,000 plus VAT
- Scale D £18,000 - £30,000 pus VAT
A Value Element traditionally results in an additional charge of between £2 - £10K (lower end of range) and £10 - £25K (higher end of range)
NB1 – Please also review disbursements under Table 11 below
NB2 – The above Scales are based upon the following preliminary assessments of a case:
Scale A: Simple &/or modest assets &/or minimum beneficiaries
Scale B: Considerable assets
Scale C: Complex &/or considerable assets
Scale D: Complex &/or considerable assets &/or considerable beneficiaries
NB3 – the anticipated costs DO NOT apply to Contentious Probate that is handled separately by our Litigation Department. |
Total Estimate of Probate Costs:
1. Chargeable Hours (Scale A – D)
in accordance with Hourly Charging Rate (Table 9)
+
2. Value Element
(Table 10)
+
3. Disbursements
(Table 11)
+
4. VAT at current rate |
|
Table 9 – Hourly Charging Rate
|
| Director of GAD Solicitors / Consultant |
£300 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £30.00 (plus VAT) per unit
|
| Head of Department |
£300 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £30.00 (plus VAT) per unit
|
| Senior Associate / Solicitor |
£250 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £25.00 (plus VAT) per unit
|
| Associate or Senior Adviser or Solicitor |
£225 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £22.50 (plus VAT) per unit
|
| Paralegals |
£210 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £21.00 (plus VAT) per unit
|
| Court Clerk |
£200 per hour (plus VAT)
All Letters ,telephone calls, emails and texts recorded in 6 minute units at £20.00 (plus VAT) per unit
|
|
Table 10 – Value Element
|
|
Where GAD Solicitors is NOT an Executor
(Element of Estate below £1M)
|
1% of Gross Estate (exc. Residence)
0.5% of Residence
|
Current rate |
| Where GAD Solicitors IS an Executor
(Element of Estate below £1M)
|
1.5% of Gross Estate (exc. Residence)
0.75% of Residence
|
Current rate |
| Balance of Estate between £1M – £4M |
0.33% ( 0.5% Solicitor Executor) |
Current rate |
| Balance of Estate between £4M – £8M |
0.1111% ( 0.1666% Solicitor Executor) |
Current rate |
| Balance of Estate between £8M – £12M |
0.0555% ( 0.0833% Solicitor Executor) |
Current rate |
| Balance of Estate over £12M |
0.0275% ( 0.0416% Solicitor Executor) |
Current rate |
|
Table 11 – Typical Disbursements (3rd Party Fees) payable in respect of Table 6 – 8 Instructions
|
| Commissioner Fees |
£5-7 per person |
n/a |
| Probate Court Fee |
£155.00 |
n/a |
| Office Copies of Grant |
£5.00 |
n/a |
| Statutory Notices in London Gazette and Local Press |
£225 approx. |
inc |
| Land Charge Bankruptcy Search |
£2.00 per beneficiary |
|
| HMLR Fees on Assent of Property |
Subject to HMLR scale of charges |
n/a |
| Valuation Fees |
£500 – £1,000 per property (approx.) |
£100 – 200.00 |
|
*Court “Fixed Fee” in relation to Deputyship may be waived in favour of the hourly rate set out below where matters become prolonged/contentious/value of Estate above £16,000.00.
|
