Our team consists of Peter Smith and Karl Dembicki who are both partners. They may be assisted by trainees in the firm.
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:
In connection with the work to be undertaken prior to the issue of the grant of probate our partners’ charge out rates are £395 per hour plus VAT.
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 do not.
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 £2,500 – £3,000 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 point 1 -6 above our charges will be based on time spent by the Partners and other member of staff in bringing the administration to a satisfactory conclusion.
In addition to this firm’s charges the following disbursements would generally be incurred:
The timescale for obtaining a grant of probate and completing the administration will be upwards of six months.
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Read Full ArticleUnder SRA rules, we are required to publish on our website price and service information in respect of our following published practice areas:
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