At K&K Solicitors we make sure we are approachable and efficient, and that we have a genuine understanding of your circumstances and concerns. Our experience in handling such sensitive issues means we always provide advice sympathetically.
Creating a will or administrating an estate can be a very emotional experience, and these are issues that affect us all. Without proper planning your dependents and relatives can be left vulnerable and unprepared at a time of great difficulty.
Our services include:
- Wills and Codicils
- Probate and the Administration of Estates
- Post death tax planning (IHT)
- Advice to Attorneys and Deputies
- Trusts – creation and administration
- Inheritance tax planning using Wills, Trusts and lifetime giving
- Preserving assets in the event of long-term care needs
Fees charged by K&K Solicitors
The legal fee is on based on the fixed fee/hourly rate
This quote is based on an estate where:
- There is a valid will.
- There is no more than one property.
- There are no more than 2 bank or building society accounts.
- There are no other tangible assets.
- There are 2 – 4
- There are no disputes between beneficiaries on division of assets.
- There is no inheritance tax payable and the executors do not need to submit a full account to HMRC.
- There are no claims made against the estate.
- £350.00 + VAT simple single Will
- £400.00 + VAT simple mirror Wills
- £500.00 + VAT complex Wills
- £500.00 + VAT per LPA plus disbursements (single person)
- £600.00 + VAT if having both Health and Finance LPA plus disbursements (single person)
- £600.00 + VAT per LPA plus disbursements (two persons)
- £1000.00 + VAT if having both Health and Finance LPA plus disbursements (two persons)
Probate (England & Wales)
We usually find that our Probate matters are finalised at a cost of up to 1.5% – 2.5% and disbursements depending on the amount of work involved.
Work included and key stages
Our fees include obtaining the grant of probate, collecting assets and distributing them. The precise work and stages involved in a probate matter vary according to the circumstances. However, we have set out the key stages involved in a typical probate matter:
- Take your instructions and give you initial advice.
- Identify the legally appointed executors or administrators and beneficiaries.
- Establish the extent of the estate by identifying the various assets and liabilities.
- Identify the type of probate application required.
- The application for Grant of Probate is prepared and then sworn by the executor and submitted to the appropriate Probate Registry together with the Will, if there is one.
- Once the Grant is received, it is submitted to the various organisations with whom assets are held in order to start the process of transferring the assets into the beneficiaries’ names.
- All estate liabilities have to be paid before the estate can be distributed among the beneficiaries;
- Confirmation is required that tax is paid up to date and there are no outstanding HMRC claims;
- Estate accounts should be prepared thereafter, and the estate distributed in accordance with the terms of the Will.
Our service will not include any of the following:
- Any contested probate matters or advice on the same.
- Advice on tax or other accounting matters.
- Advice on assets held outside of the UK.
- Dealing with the sale or transfer of any property in the estate.
Approximate/ average timescales
On average, estates that fall within this quote range are dealt with within 3 months.
Typically, obtaining the grant of probate takes 12 – 16 weeks.
Collecting assets then follows, which can take between 5 – 6 weeks.
Once this has been done, we can distribute the assets, which normally takes 1 -2 weeks.
Factors that could increase costs
In some circumstances we may increase our fees to account for additional time, work or skill required to meet your instructions. Examples include:
- If there is no will or the estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with.
- If any additional copies of the grant are required.
- Any other unforeseen circumstances
Regardless of who works on your matter, they will be supervised by Kiran Phull, Director of K&K Solicitors.