Estate Planning and Will Drafting Cost

 

Basic Estate Planning:

 

  1. Simple Will: £150 – £300
  2. Mirror Wills (couple): £250 – £500
  3. 1 LPA: £150 – £300
  4. 2 LPAs (for both types): £250 – £500
  5. Combined Will + 2 LPAs: £350 – £600

Complex Estate Planning:

 

  1. Complex Will with Trusts & Tax Planning: £1,000 – £5,000
  2. Trust Creation and Administration: £1,000 – £3,000 for setup, £500 – £2,000 annually for administration

Estate Administration:

 

  1. Hourly Rate for Estate Admin: £150 – £350 per hour
  2. Percentage Fee for Estate Admin: 1% – 2% of estate value

Ongoing Services:

 

  1. Annual Estate Plan Reviews: £250 – £500 annually

Uncontested Probate Case

 

Our legal cost for uncontested probate cases is based on the complexity and the value of the estate. We may charge you 1.5% of the value of total asset or at hourly rate of £200 (excluding VAT).

 

We anticipate that such cases take between 10 and 20 hours work at an average. Thus, the costs are estimated to be between £2,000 and £4,000 (excluding VAT) 

 

Applying for Grant of Probate

 

We charge a fixed fees of £850 (excluding VAT) to obtain a straightforward Grant of Probate.

 

Additional Costs (Disbursements)

Our fees estimation is based on the following assumptions:

 

  1. There is a valid will
  2. There is no more than one property
  3. There are more than 5 bank accounts
  4. There are no shareholdings (stocks and bonds) in the estate
  5. There are no other intangible assets
  6. There are no more than 5 beneficiaries
  7. There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  8. The executors do not need to submit a full account to HMRC
  9. There are no claims made against the estate