Prepaid Probate Packages
Prepaid Probate Costs
Our calculator shows the price of taking out a plan with us compared to that of a typical solicitors' fee (typically 2% plus vat)
We offer prepaid probate plans which include full estate administration services for a fixed fee, packages start from £2750 inclusive of vat for a 55 year old taking a single policy.
Frequently Asked Questions
01. Why do I need probate?
02. How long after probate is granted will inheritance be distributed?
03. Who pays the probate fees?
04. What are current probate fees?
05. Why do you ask me detail of my estate value?
06. Can I do probate myself or do I need a solicitor?
07. How will my loved ones know I have already paid for probate?
08. Is the government introducing new probate fees and rules?
09. How can you do it so cheaply?
10. What happens if your probate lawyers go bust?
What is included in your Prepaid Probate Plan:
Your Probate Plan may require your Estate and or beneficiaries to pay additional fees as disbursements or professional fees for services required outside of but essential to the completion of your Probate, some of which are, inter alia, set out below:
Identifying, valuing and managing your assets.
Preparing the necessary documentation for the application of probate.
Applying and obtaining the appropriate probate from the courts.
Ensuring accurate distribution of your estate.
Corresponding with HMRC to complete Income Tax, Inheritance Tax and Capital Gains Tax returns and making any necessary corrections that are required, including arranging for any Nil Rate Band Allowance to be transferred.
Identifying any relevant reliefs or exemptions to the estate before calculating any tax owed.
Liaising with the appropriate organisations, financial institutions and beneficiaries of the estate throughout the process.
Ensuring any debts and liabilities are paid from the estate.
Preparing the accounts and distributing the estate to the beneficiaries.
Dedicated probate lawyer.
Basic professional Will written by an IPW Will Writer.
Your fees are securely placed in an independent trust fund. Our trustees ILS World are a global provider of independent fiduciary services.
The Grant of Probate registration fee.
Advertisement in both local paper and London Gazette.
Third Party Costs incurred by your appointed Probate Service Provider or Probate provider at the time of your Probate.
Any fee payable to the courts.
Any conveyancing work for the transfer of a property.
Any estate agency fees for the sale of a property.
Any fees or disbursements for dealing with assets outside of England and Wales.
Tracing missing of unknown beneficiaries.
Managing any disputes or claims against the estate which would need to be passed to a litigator.
Business or farming advice.
The beneficiaries’ personal taxation.
Financial advice on the suitability of the disposal of assets.
Dealing with any investigations by Government departments, such as HMRC or the benefits office.
Ongoing management of any Trusts arising from the estate, including Will Trusts or beneficiaries of Trust assets.
Preparing Deeds if required by the Court or by the beneficiaries.
To read our full terms and conditions click here or contact us for help and advice.
Some probate specialists charge both an hourly rate and a percentage. This means that even a relatively straightforward estate could incur substantial fees.
Most banks offer probate and estate administration services. However, these are usually far more expensive than using one of our solicitors.
Take a look at what you could be charged:
|Firm||Cost of administering a £270,000 estate|
|NatWest / RBS||£12,220.00|