Fixed Fees for Wills

ServiceCostTotal (inc VAT)
Simple Single Will£200 + VAT @ 20%£240
Simple Mirror Wills£250 + VAT @ 20%£300
Single Codicil£125+ VAT @ 20%£150
Mirror Codicils£150+ VAT @ 20%£180
Mirror Wills including Life Interest Trusts£650+VAT @ 20%£780
Mirror Wills including Discretionary Trusts£750+VAT @ 20%£900
Severance of Joint Tenancy£50+VAT@ 20%£60

Lasting Powers of Attorney – Property and Financial Affairs and Health and Welfare

ServiceCostTotal (inc VAT)
Simple Single Will£200 + VAT @ 20%£240
Simple Mirror Wills£250 + VAT @ 20%£300
Single Codicil£125+ VAT @ 20%£150
Mirror Codicils£150+ VAT @ 20%£180
Mirror Wills including Life Interest Trusts£650+VAT @ 20%£780
Mirror Wills including Discretionary Trusts£750+VAT @ 20%£900
Severance of Joint Tenancy£50+VAT@ 20%£60

Deeds

ServiceCostTotal (inc VAT)
Single Trust Deed£250+VAT@ 20%£300
Deed of Renunciation (Mitchell Dodds & Co)£250 + VAT @ 20%£300
Single Deed of Variation of a Will or Intestacy£250+VAT@ 20%£300
Deed of Change of Name£150+ VAT @ 20%£180

Fixed Fees for Straightforward Grants and Property Transactions

ServiceCostTotal (inc VAT)
Application for a Grant of Probate£550+VAT@ 20% + £155 Probate Court Fee£815
Application for a Grant of Letters of Admin.£550+VAT@ 20% + £155 Probate Court Fee£815
Assent of a Registered Freehold Title£350+VAT@ 20% + *£40 Land Registry Fee£460
Registration of Deceased Joint Proprietor£125+VAT@ 20%£150
Removal of a Restriction£200+VAT@ 20%£240
Transfer of a Registered Freehold Title£350+VAT@ 20% + *£40 Land Registry Fee£460
*Land Registry Fee is dependent upon the value of the property

Estate Administration Fees

We are able to assist Executors and Administrators with as much or as little support as they need. Our aim is to make our charges fully transparent so that you are aware from the outset how much it is likely to cost. We offer a free initial consultation to determine the complexity of the work, following which we will provide you with a quote for our charges.

The value of the estate to be administered does not necessarily determine the level of the charges. Matters which are likely to have an impact on charges are the volume and nature of the investments held by the deceased, whether the deceased owned any assets in a foreign country, the number and the location of beneficiaries, liability to inheritance tax, lifetime gifts made by the deceased within 7 years of death, issues regarding the validity of the Will, trusts of which the deceased was a beneficiary, trusts created during the lifetime of the deceased or by the Will and disputes within the family.

Illustration

It is very difficult at the beginning of a matter to accurately estimate the amount of time it is going to take to administer an Estate, and therefore how much it is going to cost. However, to illustrate the likely costs involved, here is a guide to the work we will carry out and our fees based upon a straightforward Estate Administration matter comprising one property, three bank accounts and two beneficiaries.

  • Arranging date of death valuations of the assets of the Estate;
  • Ascertaining the outstanding liabilities of the Estate at the date of death;
  • Notifying beneficiaries of their entitlement under the Will and obtaining identification for anti-money laundering purposes;
  • Notifying utility providers of the death;
  • Completing the necessary forms for HMRC;
  • Submitting the application to the Probate Court and dealing with any issues arising from the application;
  • Collecting in the assets of the Estate and reconciling the funds received;
  • Discharging outstanding liabilities;
  • Placing Statutory Notices in a local newspaper and the London Gazette;
  • Arranging for a property to be marketed for sale;
  • Finalising the income tax position of the deceased up to the date of death and for the period of administration;
  • Preparing Estate Accounts and arranging for them to be approved by the Executors;
  • Carrying out bankruptcy searches on beneficiaries;
  • Paying legacies;

Distributing the Estate.

We anticipate that it would take approximately 10 to 15 hours of time to carry out these tasks. We charge on an hourly rate of £220+VAT. The total estimated charges would be between £2,200-£3,300 + VAT of between £440 to £660. The Probate Court fee is £155 and each copy of the Grant, needed for each asset of the estate, is £1.50. The cost of placing Statutory Notices, if required, is approximately £200 and the cost of Bankruptcy Searches are £2 each. The conveyancing costs associated with the sale or transfer of the property are not included in this illustration but a quote for these costs would be provided at the time.

If less time than anticipated is spent on the tasks listed above, our charges will obviously be less.

Where Mitchell Dodds & Co are appointed as Executors in the Will, and take on the role as Executor, an additional charge of 1.5%+VAT of the value of cash assets of the estate and £1%+VAT of the value of the property is applied to the Estate to reflect the additional level of responsibility involved.

For Estates that are more complicated, for example if there is inheritance tax to pay, or trusts are involved, the charges would be higher but an estimate would be provided at the outset of the matter.