Probate & Estate Administration Advice
Probate is the legal process of administering someone's estate who has passed away. This involves dealing with any money, property and possessions they had at the time of their death. It also involves settling any outstanding debts, collecting money that's owed to the deceased person and dividing the estate amongst the respective beneficiaries (the people who are to inherit the estate).
Grant of Probate Solicitors
Our specialist probate solicitors can help you thorough this difficult process by obtaining a grant of representation on your behalf. We aim to make our estate administration pricing as transparent as possible. We strive to achieve this by providing personal representatives of an estate with all inclusive fixed prices for our probate services wherever possible to provide certainty of legal costs.
If you require further information, you can benefit from our free initial consultation, which will guide you through the probate process to help you understand what's involved.
Russell & Russell are accredited by the Law Society’s Wills and Inheritance Quality Scheme which sets the benchmark for best practice and transparency in the provision of wills and estate planning services. Specific experience of individual team members can be seen in the Wills & Probate team profiles.
Contact our probate team
if you would like to get in contact with our probate team, please call 0800 103 2600 or request a call back
Below is some more information on some of the most frequently asked questions we receive regarding probate matters:
What is probate?
Put simply, probate is obtaining the authority from the court to deal with a deceased person’s financial affairs in accordance with their will. When there’s no will, a grant of letters of administration may be required.
What is letters of administration?
It’s obtaining the authority from the court to deal with a deceased person’s financial affairs when they have died without a valid will. In these instances the “Rules of Intestacy” apply.
What are the “Rules of Intestacy”?
The “Rules of Intestacy” is a strict order of who’s entitled to a share in an estate that doesn’t involve a valid will and is based on the bloodline of the person who has passed away.
How long does probate take?
Every situation is different and often depends on the size and complexity of the estate. We offer a free, initial consultation where we can get a better idea of your circumstances so we can advise on how long we expect your case will take to complete.
What if I want my solicitor to deal with the administration of the estate?
If you would prefer for Russell & Russell deal with things on your behalf, we can do this. Our pricing structure is based on the complexity of the estate to be administered.
Full information about our fees can be found here.
If the estate is valued under £325,000 and there’s no inheritance tax to pay, our fee is from £995 + vat for dealing with up to four accounts (for example, bank, savings, ISA or NSI accounts). For estates involving four to 10 accounts, the fee is from £1,995 + vat.
If the estate is valued over £325,000 and inheritance tax may be payable, we’ll provide a fixed fee quote for you once we’ve gathered all the relevant information about the estate and we understand its complexity.
Please be aware that should something come to light that wasn’t accounted for in the original cost we provided, our fixed fee could be subject to change. Also, if there are over 10 assets that need to be dealt with, we’ll provide a cost for this at our hourly rate.
The prices above are our standard costs, but they may be subject to alteration if administration of the estate falls outside what has been agreed with you or if your instructions to us change. In any case, the amendment in price will be discussed with you first.
Key stages and what is included in our prices:
- Valuing the estate assets
- Obtaining details of outstanding debts
- Arranging payment of the funeral from estate funds (if required)
- Placing statutory advertisements (if required)
- Carrying out a Certainty Search if required
- Preparing the relevant HMRC forms and Statement of Truth
- Arranging payment of Inheritance Tax where necessary
- Helping you to ensure that the relevant HMRC forms and Statement of Truth are correct and suitable to be signed
- Lodging your application for the Grant of Representation at the Probate Registry
- Collecting in the assets
- Paying the debts from estate funds
- Liaising with HMRC in respect of income tax for the current tax year up to date of death
- Instructive an accountant to complete the additional tax returns (if required)
- Preparing estate and distribution accounts
- Distributing the estate to the beneficiaries
Not included in the price are the sales fees on properties, estate agency, taxes and HMLR fees.
What if I want to sell a property I’ve inherited?
If Russell & Russell has been appointed executors or co-executors of the will, we’re responsible for marketing and selling the property. The sale price will also come under our jurisdiction. If this is the case, our fees may be subject to amendment.
What about transferring an inherited property into someone else’s name?
If you’re a beneficiary and you don’t want to sell a property you’ve inherited, but rather transfer it into your own name (or someone else’s), we can help. This type of transaction does incur additional fees which we can provide if you choose to do that.
How much does it cost?
Full information about our fees can be found here.
we think you might also find these helpful...
More Information from us
Want free initial advice?
Call us on 0800 103 2600 or enter your details and we'll call you!