Conveyancing Quality
Bournville Birmingham
Astwood Bank Redditch
Solicitor
Sales and Purchases
Wills and
Probate

23(a) Sycamore Rd
Bournville
Birmingham B30 2AA
0121 414 1949

10 Avenue Road
Astwood Bank
Redditch B96 6AU
01527 892068

Freehold Reversion
Powers Of
Attorney

PRICING STRUCTURE : SRA TRANSPARENCY RULES : 2018

< Back to SRA Transparency Rules

PROBATE : ADMINISTRATION OF ESTATES

our fees here will be based on two elements

 

estate value element : 0.5% charge of the value of any property
: 1.0% charge on the balance of the Estate
time cost value element : here an assessment is made as to the amount of time we feel it is likely to take for us to complete he administration of the Estate : for this we use subsidised hourly rate figures as follows :

 

Chartered Legal Executive : Susan Clarke £ 75.00 per hour
Solicitor : David Jones £125.00 per hour

 

example probate (estate administration) fee

estate (1) : testator dies leaving a freehold property valued at £395.000 : general assets and investments in the region of £200.000 : his Will appoints his two children as Executors and (with the exception of a nominal gift through to the grandchildren) leaves his entire Estate to his two children

estate value element : house (1975) estate (2000) : total value element : (3975)

time cost value element : estimated time for Sue Clarke : 10 hours : 750.

: estimated time for David Jones : 02 hours : 250.

total cost estimate is therefore (1975) + (2000) + (750) + (250) = 4975. plus vat and disbursements : from this figure we would normally consider some form of ‘reasonable allowance’ taking into account an overall assessment on the size and nature of the Estate and the level of work to be undertaken : in this example we would probably have reduced this estimate to provide a guideline costs figure for the administration of the Estate at say £4495. plus vat and disbursements

 

estate (2) : testator dies leaving a freehold property valued at £245.000 : general assets and investments in the region of £145.000 : his Will appoints two of his four children as Executors and leaves his estate split : 50% to his four children and 50% split between ten grandchildren some of whom are still under eighteen

estate value element : house (1225) estate (1450) : total value element : (2675)

time cost value element : estimated time for Sue Clarke : 18 hours : 1350.

: estimated time for David Jones : 03 hours : 375.

total cost estimate is therefore (1225) + (1450) + (1350) + (375) = 4400. plus vat and disbursements : from this figure we would normally consider some form of ‘reasonable allowance’ taking into account an overall assessment on the size and nature of the Estate and the level of work to be undertaken : in this example we would probably have reduced this estimate to provide a guideline costs figure for the administration of the Estate at say £4175. plus vat and disbursements

 

 

 

Standard disbursements on a probate matter

 

Search fees : 4.00 : per person : estimate
ID/CDD fees : 9.00 : based on 4.50 per person : estimate
Probate fees : 155.00 : due for review in 2019
Office Copies : 6.00 : estimate

 

Option disbursements which may need to be considered

 

Will Search enquiry : 95.00 : plus vat : estimate
Section (27) notices : 195.00 : plus vat : estimate

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