This can be an incredibly stressful time and obtaining probate and administering a will is one of the last things you want to do. We do our best to ensure the stress following someone passing away is kept to a minimum. If you are looking for a professional approach to settling an estate after death, our dedicated team can look after everything from beginning to end.
If we have already been appointed as a Trustee, we will likely take all the decision making and administration off your hands and contact the other trustees automatically.
In any eventuality, we keep you informed regularly sensitively and considerately, keeping you up to date at every step to ensure you know what is happening, the time frames and what progress has been made.
Costs are a huge concern, particularly at such an emotional time. Whatever the situation we are transparent about our charging and about what is included and what is not.
We provide two means of charging fees, and will discuss which best suits your circumstances and which we are able to agree to from the outset. They are:
An hourly charge provides a much better reflection of the work we carry out. If there are very few assets to collect with little complexity overall, even a £10,000,000.00 estate can cost very little to wind up.
On the other hand, there are many things which may affect how a matter progresses. If it becomes complex, an hourly rate may mean an increase in costs compared to what you expected (this can still be less than a fixed fee). The fee paid at the end, however, is still a fair reflection of the time we have spent on your work.
A percentage of the estate
A percentage can be agreed to cover the work required to obtain probate, collect the assets in the estate, draw up accounts and distribute them amongst the beneficiaries.
We charge a rate of 2% of the total value of the estate. So, if you have an estate with a value of £250,000.00, our fees will be capped at £5,000.00 plus VAT. This way you know what you are being charged and for what amount of work.
The first thing we need from you is to call us and chat over your specific circumstances. That way we can discuss the case as a whole, and be transparent about the costs going forward.
When we help with any probate matter, we need to ensure that we have all of the information relating to the deceased’s estate. We will ask for some preliminary identification of the executors, then we will need certain documents to give us a place to start. These will typically include:
- Bank statements
- Credit card details
- Property information – at home and abroad
- Investment details and statements
- Details of any collections
- Details of all other assets, cars etc
We can obtain a lot of this information for you. We can even attend the deceased’s home to look for this information for you. You may find this easier than doing so yourself, or we can suggest an independent company to help with that.
How long an estate takes to ‘wind up’ depends on a number of things, but the most prominent factors are the complexity of the case and whether there are any foreign elements to the estate and or assets. That said, the majority of estates can be wound up within a six month period and we will keep you appraised of the time frames as the case moves on and let you know of any hiccups or matters that may lengthen the time.
If you would like to know more about how we can simplify a probate matter, please contact us and one of our dedicated probate solicitors Kings Cross, London can listen to your particular circumstances and give you the information you need to make an informed decision about how you would like to proceed.
|If you need straightforward and sensitive advice on a probate matter, contact us and we can organise for you to talk to one of our Kings Cross probate solicitors.||Contact Us|