McCarthy Webb Interior McCarthy Webb Offices

Private Client and Probate

McCarthy Webb Board Room

Wills and Lasting Powers of Attorney

We are able to offer many years of experience in writing Wills and preparing Lasting Powers of Attorney. Our fee for a single, simple Will starts at £250 plus VAT (£350 plus VAT for a couple preparing mirror Wills) and we will give a further estimate if your needs are more complex. To prepare and register one Lasting Power of Attorney for one person will cost £450 plus VAT (£550 plus VAT for a couple) or for both types of LPA £550 plus VAT (£800 plus VAT for a couple, ie four documents in total). We can also assist in registering previously prepared Enduring and Lasting Powers of Attorney. Please contact us to make a mutually convenient appointment to discuss your requirements.

Probate and Estate Administration

If you need assistance with Probate then we know how distressing this time can be and we can ensure that matters are dealt with as sympathetically and efficiently as possible, with minimum stress to you at such a difficult time.

We therefore offer you an initial free consultation, subject to your instructing this firm to act on your behalf, during which we will discuss the specific aspects of the particular estate that you are involved in. Our charges for this consultation of up to half an hour will be deducted from our ongoing fees. At the end of this consultation, we will provide you with an estimate for our fees which will depend on the individual circumstances of the estate such as:

  • Whether there is a valid Will
  • Whether there is more than one property
  • How many bank accounts there are
  • What other assets are held in the estate
  • How many beneficiaries there are
  • Whether there are likely to be any disputes over the estate or any claims made against the estate
  • Whether a full inheritance tax account will need to be submitted to HMRC and allowances claimed

Our fees are charged on an hourly basis of £240 plus VAT. The number of hours involved in dealing with an estate will depend upon the complexity of that particular estate; however, usually, it may take;

  • From 3 hours if we are preparing an application for a Grant of Representation and you have provided us with the values as at the date of death – therefore from £720 plus VAT
  • Up to 50 hours if we obtain all the date of death valuations, prepare the application for a Grant, collect assets in and pay liabilities after receiving the Grant and eventually distribute the estate to a number of beneficiaries – therefore up to possibly £12,000 plus VAT.

If the estate is complex, then we would discuss this at the time of taking your instructions as the costs could be in excess of the estimates above.

In addition to our fees, the following disbursements are likely to become due during the estate’s administration:

  • Application fee of £155 plus 50p for each copy of the Grant – this fee is proposed to increase in relation to applications submitted after 1 April 2019 (legislation is still pending). The fee will then be dependent on the value of the estate, ranging from nil for estates up to £50,000, to £6,000 for estates worth over £2 million. Copies will still cost 50p
  • A fee of £5 plus £2 for each exhibit to swear any oath or affidavit required (per executor)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • Between £150 and £200 to publish a Notice to Creditors in The London Gazette and the local newspaper to protect against unexpected claims from unknown creditors

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

The work involved would include, if we are to deal with the full administration;

  • Obtaining details of all accounts, insurances and financial investments held and contacting the relevant parties on your behalf
  • Once all information is to hand, attending to any inheritance tax matters and applying to the Probate Registry for the Grant of Representation
  • Collecting in the assets of the estate, paying all liabilities and accounting to the beneficiaries in accordance with the Will in place, or with the intestacy rules if there is no Will
  • Preparing and providing to you estate accounts and confirmation as to the final distribution of the estate

It is not possible to be exact on the timing of dealing with the administration of an estate; however, as a rule of thumb for full administration of an estate, this could be between 4 to 18 months (which includes the potential sale of a property) and could include:

  • Obtaining the Grant of Representation - between 8-12 weeks
  • Collecting assets following receipt of the Grant - between 6-8 weeks but this is likely to take longer if there is a property to sell
  • Distribution of the assets – upon the Executors’ authority

The above is on the basis that it is an uncontested estate.

Please do not hesitate to contact our Probate Department if you have any queries.

rebecca@mccarthywebb.co.uk

McCarthy Webb
Wish Mews
21 Wish Road
Eastbourne
East Sussex
BN21 4NX

Tel: 01323 400530
Fax: 01323 733493

Legal Solutions