In England & Wales, in order for probate to be court approved, an application fee is required. The fee is at a starting flat rate of £215 for estates over £5,000, but this can be reduced to £155 if a Probate Solicitor is appointed.
Cost of Probate Solicitor
In England & Wales, the Law Society sets a recommended cost of 1.5% of the value of the deceased’s real property, with an added 1.5% on the value of each further asset. This rate is considerably lower than banks, who will typically handle estates for a 4% return.
It is important to note that before grant of probate an estate has to pay off any inheritance tax due. Inheritance tax will apply to estates over and above the nil rate band of £325,000.
Contact our Wills and Probate Solicitors London
Our solicitors have extensive experience in handling matters relating to trusts, HMRC and tax implications, Power of Attorney and business advice. Our client base is not only domestic, but international, meaning we are well placed to advise on situations where a deceased either had assets overseas or their primary domicile was not in the UK.