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 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.