WILLS/PROBATE

MYM SOLICITORS IN SLOUGH

Single Will                                                                            £200 plus VAT

Mirror Will                                                                           £350 plus VAT

Will with a life interest (single)*                                   £500 plus VAT

Will with a life interest (mirror)*                                  £650 plus VAT

Our Service and Estimated Time scales:

 

Your instructions will include a minimum of two meetings. The first involves taking your instructions, including the executors you wish to appoint, money gifts you wish to make to individuals or charities etc. Upon the finalisation of your instructions, the initial meeting is followed by a draft Will for your approval within 7 working days. Once you are happy with your Will, a second meeting is arranged for you to attend the office to sign the Will.

Providing we have all of your instructions, we estimate that the preparation of your Will from the initial meeting to executing the Will to be between 1 and 3 weeks.

*(Please contact us for enquiries with regards to Trust and we would be happy to discuss this with you)

PROBATE (Non-Contentious):

We want to be upfront with our fees.  To simplify things we offer a range of options to you within the process of probate. 

Our Fees:

Up to and including obtaining the Grant of Probate/Letters of Administration (known as the ‘Grant of Representation’)

  

This includes obtaining valuations of the assets and liabilities in the estate, preparation of the HMRC tax returns, preparation of the oath and application to the District Probate Registry for the Grant of Representation.

We estimate our fees to be between £800 and £2,000 plus VAT plus third-party costs.

Factors that may affect the fees are the number of assets in the estate, whether the estate valuations are provided to us, whether Inheritance Tax (IHT) is payable on the net estate.

We estimate this stage to take between 2 weeks and 4 months. 

Factors that may affect the time-scale are whether the estate valuations are provided to us, whether claiming exemption and reliefs is applicable, e.g. Transferable Nil Rate Band from the predeceased spouse, dealing with enquiries raised by HMRC.

Post Grant of Representation:

This includes collecting the assets, settling the liabilities, making the distributions to beneficiaries, preparing the distribution accounts.

For this stage of probate, we will charge our fees on an hourly basis. We estimate our fees to be between £2,000 and £6,000 plus VAT and third-party costs.

Factors that may affect the fees are the numbers of assets to collect, whether any tax is payable during the administration period e.g. Capital Gains Tax etc. 

We estimate this stage to take between 2 weeks and 4 months.

Factors that may affect the fees are the number of assets to collect, details of beneficiaries, clearance letter from HMRC if IHT was paid on the estate etc.

NB: You can choose the elements of work you instruct us to take from the 2 stages of probate and we can discuss a fixed fee going forward.

Who will carry out the work?

 

  • Director assisted by Solicitor

  • Solicitor/Director assisted by a Trainee Solicitors or a Paralegal

The cases are handled by Director Majid Malik who enjoys greatly assisting clients. He is also assisted by the Paralegals.

All work is supervised by a senior Director, who retains ultimate responsibility and conduct of matters

 

Hourly Rates:

  • Senior Director (4+ years) - £220 - £290 plus VAT

  • Director or Solicitor (2+ years) - £170 - £240 plus VAT

  • Paralegals/Trainee Solicitor - £130 plus VAT

​Disbursements:

Disbursements are costs related to your matter that are payable to third parties, such as Probate fees, Valuers fees, Expert or a translator. We handle the payment of the disbursements on your behalf to ensure a smoother process.


Some other examples of disbursements are (but are not limited to) the following:

  • Probate fee

  • Valuation fees payable to the surveyor

  • Interpreters fees. Where applicable. A quotation can be provided upon request. The costs will depend upon the

  • Often clients will bring a friend or another community figure to come and help interpret. Firms should make it clear that clients do not always have to use an interpreter of the firm’s choosing.

Value Added Tax (VAT):

Our costs are subject to VAT. Where a third party is registered for VAT purposes their fee would be subject to VAT. VAT amount at present is 20% of the quoted fee.