The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
Our charges are calculated according to the time spent by those who will deal with your matter and a value element. The value element reflects the responsibility involved and the weight of the matter and is based on a percentage of the value of the assets. It is difficult at the beginning of the administration of most Estates to say how much work will be involved, and therefore what our final charges will be. However, we would not expect our charges to exceed 4% of the gross value of the estate unless it is a very complex or very time-consuming matter.
We anticipate this work may take between 3 and 25 hours. The solicitor’s hourly rate is £300/hour. The solicitor’s partner hourly rate is £360/hour and the Fellow of the Chartered Institute of Legal Executives is £300/hour to £330/hour depending on whether they are a Partner or Head of Department. The Licenced Conveyancer rate is £300/hour, with the total costs estimated between £600-£8250 plus vat.
We have a specialist niche team who will work on your matter and regardless of who works on your matter, they will be supervised by Aileen Francis, Partner and Head of Probate & Estate Administration.