The Costs After Grant

After the Grant of Representation is received (further information on this stage here), what follows is the gathering and distributing the assets according to the Will or the Rules of Intestacy.

If you do not have a valid Will in place at the time of your death then the Rules of Intestacy will determine how your estate will be divided amongst your heirs. These rules can be summarised as follows:

The TSP Wills and Estates team can help with both stages of the estate administration or just the first or second stage. We are happy to be flexible, giving as much support to the Executors / Administrators as needed to ensure the process is completed in an efficient and timely manner.

A standard, straightforward, Estate Administration would typically be where

• All assets are UK based
• There is no more than one property in the estate
• There are no more than 7 other assets such as bank accounts or share holdings
• There are no business or farming interests
• There are no more than 5 beneficiaries
• See FAQ section below for more detail

Our VAT inclusive fixed fees for the work after Grant is received range from £3,000 for a smaller estate where an IHT 400 form is not required to around £20,000 + for an estate with multiple assets (subject to above limits) and beneficiaries (subject to above limits) on which IHT is payable. If the deceased died intestate this may also attract a fee at the upper end of this range.

The level of costs is determined on a case by case basis and will depend on the nature and complexity of the Estate. However, we will provide you with detailed costs information once we established all of the details.

We are required by law to verify our client’s identity and also a number of other types of individual with whom we work, such as executors and trustees, for example. We will charge £10 plus VAT (£12 in total) per individual that we check.  More information on the types of individuals we are required to check can be found in our Terms of Business.

A comprehensive explanation of the key stages of the Estate Administration process can be found here.

In addition to TSP Legal Fees the table below details some of the other costs that might be required depending on the specifics of the estate.

In addition to the above costs the executors / administrators will need to account to HMRC for the deceased’s income tax and capital gains tax, both of which will need to be settled from the estate before any distributions are made.

In our FAQ section, you will find important information on

• Key assumptions about the costs after grant
• Key exclusions from the costs after grant
• How long will the work required after grant, take?

Your matter will be progressed by Lawyers in our Wills and Estates team whose details can be found in related people below. Team Leader, Robert Ashworth, assisted by Fiona Ashworth, supervises the work of all of the lawyers in the Wills and Estates team. Please read each profile for information on their qualifications and experience.