Probate
Probate is the term often used to describe the process of applying for a Grant and the distribution of an Estate when someone has died. The Estate is distributed according to their Will, or the law of intestacy if they did not have a Will. When a family member or a friend pass away, it is an emotional time. At 828 Law we understand you need someone efficient but empathetic to help you manage aspects of their Estate.
When someone dies, their assets need to be transferred into the names of the beneficiaries. Some assets, such as a property, shares, or financial accounts over certain limits need a document giving the legal authority to the Personal Representatives of the deceased for these assets to be transferred or distributed to the beneficiaries. This legal authority is called a Grant of Representation. However, the process depends on whether the person who died has left a Will.
Click to View our Probate Process
Initial Consultation
Valuing the Estate
Applying for Probate or Letters of Administration
Collecting the Assets
Settling Debts & Distributing the Estate
Finalising the Process
Initial Consultation
Meet with the family or executor to understand the estate.
Review the Will (if there is one) or explain intestacy rules (if no Will exists).
Advise on responsibilities, timelines, and potential complexities.
Valuing the Estate
Gather details of assets (e.g., property, bank accounts, shares, pensions).
Identify any debts or liabilities that need settling.
Arrange for professional valuations if needed.
Applying for Probate or Letters of Administration
Prepare and submit the necessary probate application.
Complete inheritance tax (IHT) forms and pay any tax due.
Submit the application to the Probate Registry.
Collecting the Assets
Once probate is granted, notify banks, financial institutions, and other relevant parties.
Close accounts, sell or transfer property, and gather all estate funds.
Settling Debts & Distributing the Estate
Pay off outstanding debts, funeral expenses, and taxes.
Distribute remaining assets according to the Will or intestacy rules.
Provide beneficiaries with final estate accounts.
Finalising the Process
Ensure all legal, tax, and administrative duties are completed.
Issue a final statement to the executor and beneficiaries.
Our Fees
For applying for and obtaining the grant, collecting and distributing the assets:
1.95% of the gross estate plus VAT and disbursements.
The exact cost will depend on the individual circumstances of the matter. Our minimum fee is £950.00 plus VAT of £190.00, totalling £1,140.00 (excluding disbursements).
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. These are likely to include:
- Probate application fee of £273.00, plus £1.50 per copy if requested at the time of the application (at the Court’s current rate)
- Notice in The Gazette – £104.76 (Protects against unexpected claims from unknown creditors)
- Anti-Money Laundering search – £15.00 (for two executors)
- Post in a Local Newspaper – This varies depending on the newspaper and can range from £40–£200 (Also helps to protect against unexpected claims)
Potential Additional Costs
- If there is no Will or the estate consists of any share holdings (stocks and bonds), there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a personalised quote once we have more information.
- If any additional copies of the grant are required, they will cost £1.50 if requested at the time of the application. If requested after the grant has been received, these cost £10.00 each.
- Dealing with the sale or transfer of any property in the estate is not included.
- Preparing Probate form IHT400 when inheritance tax is due.
What’s Included
We will handle the full process for you. These costs are for estates where:
- There is a valid Will
- There is no more than one property
- There are no more than 2 bank or building society accounts
- There are no other intangible assets
- The beneficiary’s whereabouts are known
- There are no disputes between beneficiaries on division of assets (we do not act in contentious estates)
- There is no inheritance tax payable and the executors do not need to submit a full account to HMRC (IHT400)
- There are no claims made against the estate
- There are no assets outside England and Wales