Welcome to Abbey Legal Services
Thank you for visiting our website to find out more about our Probate Assistance package.
We pride ourselves in offering a friendly, competitive and fuss-free service, and are happy to arrange a no-obligation meeting. This will usually be in the comfort and privacy of your own home and at a time to suit you. That means no need for travel, parking or taking time-out!
Within these pages you’ll find a wealth of information about protecting you and your loved ones. Especially at times when we become most vulnerable. And although legal matters can sometimes be a little complicated we have tried to present the details of our services in a language you can understand.
You are also invited to use our Quick Enquiry form, or to give us a call us on our dedicated Help Line 01773 443301. We’ll be more than happy to discuss any queries you may have. There is also a Quick Links section on each page to help you find other relevant information.
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Probate Assistance
Abbey Legal Services work with a trusted partner who are able to assist with the probate process at a very competitive fixed fee. They will assist with the completion of the legal forms and calculation of Inheritance Tax due (if any), in a timely and efficient manner, and most importantly of all, often at a fraction of the cost of the alternatives.
When a person dies, the Executor(s) named in the Will has to apply for Probate if the Estate is worth more than £5,000 or the deceased owned a property. To obtain Probate, the Executor(s) must submit applications to the Probate Registry, as well as HM Revenue and Customs, with all relevant documentation. Until this is done, and the Grant of Probate has been issued and received, the Executors cannot and must not distribute the Estate. Executors should be aware that institutions such as banks, building societies, and insurance companies will often not release funds until they are in possession of an official copy of the Grant of Probate. Most importantly of all, Executors must be aware that they are personally liable if the correct amount of tax is not paid from the Estate, or if mistakes occur when distributing the deceased’s Estate.
Using Banks and Solicitors to act as Executors.
Executors should be aware that the likes of banks, solicitors and trust companies will often apply their fees expressed as a percentage of the value of the Estate. This can be very expensive, for example, some high street banks can charge between 4% and 6% of the value of the Estate, whereas solicitors tend to charge around 3%.
Even a modest Estate where the deceased owned a family home could well be worth £250,000. Thus, when the bank’s probate fees are applied, the cost could be a staggering (£250,000 x 5%=) £12,500 + VAT. Similarly, solicitors fees can be expensive, and although their rate is usually less than those of banks, the overall costs on such an Estate will often amount to 3% of the Estate Value at (£250,000 x 3% =) £7,500 + VAT.
What’s Included and What Does it Cost?
There are two fees involved when engaging a professional to assist with Probate, and these are:
- Professional Fees
- Probate Application Fee
1. Professional Fees
The professional fees are the cost of our trusted partner’s services and include the following:
- Initial consultation with a qualified consultant to ascertain the details of the deceased’s Estate
- Completion of the appropriate Probate application form
- Completion of the appropriate Inheritance Tax form
- Payment of any Inheritance Tax due
- Gathering the assets and distributing them in accordance with the Will or Rules of Intestacy
- Preparation of accounts for the Estate if neccesary
As every Estate is different it is not possible to provide a price for this service as it will be dependent on the amount of work involved. However, you will always be provided with a fixed price fee before any work is undertaken and there will be no charge for the initial consultation.
2. Probate Application Fee
The Probate application fee is paid directly to HM Courts and Tribunals Service (HMCTS) in order to apply for the Grant of Probate. This fee is currently £300 plus £1.50 for each additional official copy of the Grant of Probate. We would normally recommend that you purchase at least 2 additional copies of the Grant of Probate to allow you to send them to various organisations without having to wait for them to be returned.
Get in Touch
Would you like more information on how we could help you with Probate? Or do you want to arrange a free home meeting?
If so, please call us on 01773 443301, or send us a message using the Quick Enquiry form. We look forward to hearing from you.
Probate Assistance
Abbey Legal Services work with a trusted partner who are able to assist with the probate process at a very competitive fixed fee. They will assist with the completion of the legal forms and calculation of Inheritance Tax due (if any), in a timely and efficient manner, and most importantly of all, often at a fraction of the cost of the alternatives.
When a person dies, the Executor(s) named in the Will has to apply for Probate if the Estate is worth more than £5,000 or the deceased owned a property. To obtain Probate, the Executor(s) must submit applications to the Probate Registry, as well as HM Revenue and Customs, with all relevant documentation. Until this is done, and the Grant of Probate has been issued and received, the Executors cannot and must not distribute the Estate. Executors should be aware that institutions such as banks, building societies, and insurance companies will often not release funds until they are in possession of an official copy of the Grant of Probate. Most importantly of all, Executors must be aware that they are personally liable if the correct amount of tax is not paid from the Estate, or if mistakes occur when distributing the deceased’s Estate.
Using Banks and Solicitors to act as Executors.
Executors should be aware that the likes of banks, solicitors and trust companies will often apply their fees expressed as a percentage of the value of the Estate. This can be very expensive, for example, some high street banks can charge between 4% and 6% of the value of the Estate, whereas solicitors tend to charge around 3%.
Even a modest Estate where the deceased owned a family home could well be worth £250,000. Thus, when the bank’s probate fees are applied, the cost could be a staggering (£250,000 x 5%=) £12,500 + VAT. Similarly, solicitors fees can be expensive, and although their rate is usually less than those of banks, the overall costs on such an Estate will often amount to 3% of the Estate Value at (£250,000 x 3% =) £7,500 + VAT.
What’s Included and What Does it Cost?
There are two fees involved when engaging a professional to assist with Probate, and these are:
- Professional Fees
- Probate Application Fee
1. Professional Fees
The professional fees are the cost of our trusted partner’s services and include the following:
- Initial consultation with a qualified consultant to ascertain the details of the deceased’s Estate
- Completion of the appropriate Probate application form
- Completion of the appropriate Inheritance Tax form
- Payment of any Inheritance Tax due
- Gathering the assets and distributing them in accordance with the Will or Rules of Intestacy
- Preparation of accounts for the Estate if neccesary
As every Estate is different it is not possible to provide a price for this service as it will be dependent on the amount of work involved. However, you will always be provided with a fixed price fee before any work is undertaken and there will be no charge for the initial consultation.
2. Probate Application Fee
The Probate application fee is paid directly to HM Courts and Tribunals Service (HMCTS) in order to apply for the Grant of Probate. This fee is currently £300 plus £1.50 for each additional official copy of the Grant of Probate. We would normally recommend that you purchase at least 2 additional copies of the Grant of Probate to allow you to send them to various organisations without having to wait for them to be returned.
Get in Touch
Would you like more information on how we could help you with Probate? Or do you want to arrange a free home meeting?
If so, please call us on 01773 443301, or send us a message using the Quick Enquiry form. We look forward to hearing from you.
Probate Assistance
Abbey Legal Services work with a trusted partner who are able to assist with the probate process at a very competitive fixed fee. They will assist with the completion of the legal forms and calculation of Inheritance Tax due (if any), in a timely and efficient manner, and most importantly of all, often at a fraction of the cost of the alternatives.
When a person dies, the Executor(s) named in the Will has to apply for Probate if the Estate is worth more than £5,000 or the deceased owned a property. To obtain Probate, the Executor(s) must submit applications to the Probate Registry, as well as HM Revenue and Customs, with all relevant documentation. Until this is done, and the Grant of Probate has been issued and received, the Executors cannot and must not distribute the Estate. Executors should be aware that institutions such as banks, building societies, and insurance companies will often not release funds until they are in possession of an official copy of the Grant of Probate. Most importantly of all, Executors must be aware that they are personally liable if the correct amount of tax is not paid from the Estate, or if mistakes occur when distributing the deceased’s Estate.
Using Banks and Solicitors to act as Executors.
Executors should be aware that the likes of banks, solicitors and trust companies will often apply their fees expressed as a percentage of the value of the Estate. This can be very expensive, for example, some high street banks can charge between 4% and 6% of the value of the Estate, whereas solicitors tend to charge around 3%.
Even a modest Estate where the deceased owned a family home could well be worth £250,000. Thus, when the bank’s probate fees are applied, the cost could be a staggering (£250,000 x 5%=) £12,500 + VAT. Similarly, solicitors fees can be expensive, and although their rate is usually less than those of banks, the overall costs on such an Estate will often amount to 3% of the Estate Value at (£250,000 x 3% =) £7,500 + VAT.
What’s Included and What Does it Cost?
There are two fees involved when engaging a professional to assist with Probate, and these are:
- Professional Fees
- Probate Application Fee
1. Professional Fees
The professional fees are the cost of our trusted partner’s services and include the following:
- Initial consultation with a qualified consultant to ascertain the details of the deceased’s Estate
- Completion of the appropriate Probate application form
- Completion of the appropriate Inheritance Tax form
- Payment of any Inheritance Tax due
- Gathering the assets and distributing them in accordance with the Will or Rules of Intestacy
- Preparation of accounts for the Estate if neccesary
As every Estate is different it is not possible to provide a price for this service as it will be dependent on the amount of work involved. However, you will always be provided with a fixed price fee before any work is undertaken and there will be no charge for the initial consultation.
2. Probate Application Fee
The Probate application fee is paid directly to HM Courts and Tribunals Service (HMCTS) in order to apply for the Grant of Probate. This fee is currently £300 plus £1.50 for each additional official copy of the Grant of Probate. We would normally recommend that you purchase at least 2 additional copies of the Grant of Probate to allow you to send them to various organisations without having to wait for them to be returned.
Get in Touch
Would you like more information on how we could help you with Probate? Or do you want to arrange a free home meeting?
If so, please call us on 01773 443301, or send us a message using the Quick Enquiry form. We look forward to hearing from you.