PRIVATE CLIENT WORK

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All prices quoted below are exclusive of disbursements such as Court fees etc.

The cost of making a Will, setting up a Trust or dealing with Probate can often depend on the complexity of your circumstances and the level of assistance you require from us. The value you receive is in the advice and security of protecting your family wealth for future generations. Having met with you initially, and discovered what is important to you we will advise you on a range of options and the fixed fee costs for each so that you are fully informed before you instruct us.

Wills

Simple Will                                       £500 plus VAT

A pair of complex Wills

created to protect various 

assets and save

inheritance tax                                 £3800 plus VAT

Lasting Power of Attorneys

A single Property and Affairs

Lasting Power of Attorney

document                                          £500 plus VAT

A pair of similar Property and

Affairs Lasting Power of

Attorney documents                        £900 plus VAT

A pair of similar Property and

Affairs Lasting Power of

Attorney documents

PLUS a pair of similar Health

and Welfare Lasting Powers

of Attorney documents                 £1500 plus VAT

Probate

We can provide a Grant only service which can be a cost effective way to obtain a Grant of Probate for a simple estate. The Grant only service is only available where no inheritance tax is due. The family will be responsible for dealing with the estate once the Grant has been received.

Our Grant only fees are:

Where a simplified estate

form (IHT205) is submitted         £2,000 plus VAT

Where a full estate form

(IHT400) is submitted          from £3000 plus VAT

We can provide a full estate administration service. This could include:

Providing initial advice

• Gathering the necessary evidence needed for the Probate application
• Applying for the Grant of Representation
• Collecting in the estate assets
• Paying tax, liabilities and legacies
• Dealing with HMRC negotiations
• Preparation of full estate accounts and tax returns
• Distributing the residue of the estate to the entitled beneficiaries.

Our fees for this will vary depending upon the terms of the Will (or if the deceased died intestate), the size and complexity of the estate and the type of assets involved. As a guide, the fees for full estate administration will typically start from £3,000 – £5,000 plus VAT for a very straightforward estate whilst fees for complex estates can exceed £20,000 plus VAT. Before undertaking any work, we will meet with you to review the Will and discuss the estate. We will then give you a fees estimate – which is a range of costs that we believe we could incur when dealing with the estate. Probate Court fees and the costs of selling property are payable in addition to our fees.

Trusts

To set up a Bare trust                   £1,000 plus VAT

To set up  lifetime

discretionary trust or

life interest trust                            £2,000 plus VAT

To set up a personal injury

trust to protect the award

of a successful claim                   £1,700 plus VAT 

You may also need help with transferring the assets into the trust, setting up bank accounts, inheritance tax returns and capital gains tax holdover claims. Fees for these services will be payable on top.