Probate refers to the formal process of managing the estate of a person who has died. 

This can be an emotional and confusing time and our specialist team will guide and support you through the whole process, with sensitivity and understanding.

Our Services and Key Stages

Our trusted team will meet with you initially to gain an understanding of the nature of the estate and agree the scope of work required and explain the entire process to you. 

During the process we will gather all relevant estate information, dealing directly with all involved parties, in order to calculate the potential inheritance tax liability and obtain Grant of Probate or Letters of Administration, where there is no valid will in place.

Once the Grant of Probate has been obtained, we will collect the assets and distribute the estate.

Where necessary, we will prepare estate accounts and final tax returns for the deceased.

Timescales

As no two estates are ever the same, it can take anywhere from three months (for simple estates) to eighteen months (for more complex cases).

During the initial meeting when the team have discussed and agreed the scope of work required, they will be able to provide a more specific timescale.

Fees

Our fees are based on time spent rather than a percentage value of the estate and they normally fall within the following ranges:

Simple UK Estate: £3,000 - £5,000 + Vat

Complex Estate: £5,000 - £15,000 + Vat

Highly Complex Estate - £15,000 - £30,000 + Vat

Some of the factors that would determine an estate as being simple are the existence of a valid Will, single UK property, UK bank accounts, possibly with no inheritance tax.

For complex and highly complex cases, there would be other factors such as when an estate includes business assets, insurance policies, trusts, investments, foreign assets, if there are multiple legacies in the Will, tax is payable, relief claims are needed.  These are a few examples.

There will also be disbursement costs:

Probate Court fee: £273 plus £1.50 per extra sealed copy of the Grant of Probate.

Bankruptcy searches: £5 per beneficiary.

Legal and public notices are in the region of £300 + Vat.

Compensation Scheme

In the unlikely event that we cannot meet our liabilities to you, you may be able to seek a grant from ICAEW’s Compensation Scheme. Generally, applications for a grant must be made to ICAEW within 12 months of the time you become aware, or reasonably ought to have been aware of the loss. Further information about the scheme, and the circumstances in which grants may be made, is available on ICAEW’s website, https://www.icaew.com/regulation/probate-services.

Complaints

We work hard to provide a transparent, personal but professional service in every instance, however if you feel that we haven’t fulfilled this in relation to our probate services, our complaints procedure is provided to you within your engagement documentation, following the initial meeting.  Or you can click here to view it:

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Licenced – Insurance - Diversity

Newman Morris Ltd is licenced by the Institute of Chartered Accountants in England and Wales (ICAEW) to carry out the reserved legal activity of non-contentious probate in England and Wales.

Details of our probate accreditation can be viewed at icaew.com/probate under reference number C001222983.

Newman Morris Ltd has professional indemnity insurance in place in accordance with the requirements of ICAEW.

As part of ICAEW’s requirements for probate accreditation, we are required to undertake a diversity survey. You can view our report through the link at the bottom of this page.

Contact us

Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
 
This email address is being protected from spambots. You need JavaScript enabled to view it.
01727 747350

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