Russells advised on all aspects of probate and estate administration. This generally commences with obtaining a grant of probate where someone leaves a will or letters of administration where they do not. Each may be referred to as a grant of representation. Thereafter, the executors or administrators (“personal representatives”) can collect in the estate assets and settle any liabilities before dealing with the terms of the deceased’s will or following the laws of intestacy where there is no Will.
Our team is led by Karl Dembicki, a partner and Peter Smith, a consultant. Trainee solicitors may assist them.
Our initial services leading to a grant of representation may involve the following steps:
Following the issue of the grant of representation, the personal representatives may call upon Russells to assist in the collection of assets, payment of debts and ultimately, the division of the estate between the beneficiaries entitled to it.
This may include the following:
Our charges are based on the time spent in dealing with the matter. Some firms charge a further sum depending on the value of the estate. We feel that is not appropriate for our clients, and therefore, we charge on an hourly basis (exclusive of VAT, which is charged at 20%) as follows:
Where there is a valid will dealing with only UK property comprising a home no more than several bank accounts or investments upon which no inheritance tax is payable, we would estimate our charges in the vicinity of £3,000 – £4,000 plus VAT for the work to be undertaken up to the issue of the grant of representation for those matters set out in A to F above. If we are to complete the Administration following the issue of the grant of representation, undertaking those matters set out in points 1 -7 above, our charges will be based on time spent by the Partners and other staff members in bringing the administration to a satisfactory conclusion.
In addition to this firm’s charges, the following disbursements, which are payable to third parties, would generally be incurred:
VAT does not apply to be above disbursements unless stated otherwise.
The timescale for obtaining a grant of probate as set out in A to F is likely to be 6 months. Completing the stages in 1 to 7 can be upward of a further 6 months.
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