Fixed Probate Fees, call:

0800 612 6105

Alternatively local rate:

020 8150 2010

Probate cost

If you have been named as an Executor in a Will, your first action must be to apply to the Probate Office for a Grant of Probate, which will then allow you to take over the financial affairs of the deceased, pay bills and any Inheritance Tax due, and then distribute the assets.

If no Will has been left but you feel you should act as Executor, the law will dictate whether or not you are in a position to apply for responsibility, although this is usually awarded to spouses or next of kin.  Notification of ability to obtain probate is normally given within three months of the death of the individual concerned.

Unless the deceased’s property is valued at less than £15,000, all banks will ask to see the document proving Grant of Probate, before allowing you to take over any financial dealings on behalf of the deceased.

Before an application can be made, as an Executor you will need, probably with assistance, to calculate the total value of the assets left behind and the total amount of debt outstanding, as well as ascertaining the balance of all the deceased’s bank accounts, before paying bills and being advised of  the amount of Inheritance Tax due.

The length of the probate process can take anywhere between several weeks and several months, depending on the circumstances.  Probate cost depends on the length of time it takes to settle the Estate and the total value.  Your chosen probate practitioner will be able to give you a relatively accurate estimate before the process begins and if the cost is likely to be considerably more due to complications, they should also advise you of this in advance.  However, a good rule of thumb is to anticipate a figure of around 1.5% of the value of the Estate, before Inheritance Tax is paid.

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