Our Fees - Wills
Almost all of the Wills we prepare are charged for on a fixed fee basis. Our fee structure is as follows:-
- Single Will (for one individual): £200.00 plus VAT
- Double Wills (for a couple, married or otherwise): £300.00 plus VAT
Please note that the above prices are inclusive of some basic tax advice and can include simple will trusts, where required. More complicated Wills, especially ones with complicated trusts, can take longer to produce and where this is the case, an additional fee will apply. This extra time will be charged in accordance with our hourly rate. Please see our terms and conditions. The amount of this extra charge would be set out in the first interview.
If it is necessary to travel to your home or hospital to take instructions and/or execute your Will, then we reserve the right to charge for our travelling time. This will ordinarily be calculated in accordance with our hourly rate. However, we frequently waive this charge, if the address is close to our office.
If it is necessary to obtain a copy of the Land Registry of your property in order to enable us to advise you or prepare your Will, then this cost will be added to your invoice. It is ordinarily no less than £3.00 or more than £9.00 per property.
Lasting Powers of Attorney
Lasting Powers of Attorney consist of either or both a Lasting Power of Attorney for Health and Welfare and a Lasting Power of Attorney for Property and Financial Affairs.
Taking account of how much time it takes to prepare and complete a Lasting Power of Attorney and the registration forms, gives rise to the following fees:
- Per person: £350.00 for a single LPA and £450.00 for both LPAs plus VAT
- Per couple: £500.00 for any two LPAs and £750.00 for four LPAs plus VAT
If you complete the forms yourself and our involvement is limited to acting as certificate provider and registering the forms with the Office of Public Guardian, then our fees are as follows:-
- Per person: £250.00 for a single LPA and £300.00 for both LPAs plus VAT
- Per couple: £350.00 for any two LPAs and £400.00 for four LPAs plus VAT
If you are able to fill in the LPA forms and register them yourself you will require a certificate provider and we are willing to act as professional certificate provider if you wish, which we will charge for as follows:
- Per person: £125.00 for a single LPA and £150.00 for both LPAs (plus VAT)
- Per couple: £175.00 for any two LPAs and £225.00 for four LPAs (plus VAT)
Court registration fee of £82.00 for each Lasting Power of Attorney
Our fees on domestic sales and purchases are always the subject of an estimate in respect of our fees, and an estimate of disbursements but which will vary from case to case
Our fees are unlikely to be less than £750 plus vat for a simple sale or purchase at low value to £5000 plus vat for a more complicated property at much higher value.
We ask for £400 for searches on each purchase which is usually enough to cover the Local Land Charge Search, Water Search, Environmental Search and Chancel Search. These do vary from area to area and will be different in each case.
Land Registry fees depend on value and apply only to purchases. These vary between £190 and £540, depending on value and whether or not the registration can be affected electronically. Again higher value properties may attract higher fees. The Land Registry publish these which are available on their website http://landregistry.data.gov.uk/fees-calculator.html
Stamp Duty Land Tax (SDLT), only applies to purchases and varies according to value, whether the purchase is your only property, whether you are a first-time buyer and many other factors. The government calculator can be found at:- https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Re-mortgages, equity release and other smaller transactions will be charged at a lesser value than the above and can be discussed in each case.
Commercial conveyancing is impossible to estimate and will usually be charged at an agreed hourly rate (see our terms and conditions).
We are very flexible when it comes to the level of our involvement in administering an estate. We can provide simple guidance, just apply for the Grant, or conduct the full administration, depending on your instructions.
If we are not appointed as the Executor(s), then we can provide the Personal Representative(s) with guidance on the process and forms which need to be completed. Our fees will be based on our hourly rate, as detailed in our terms and conditions.
Some Personal Representatives are happy to gather in all of information and figures needed to complete the Inheritance Tax forms, which is needed in order to apply for the Grant and only need us to complete the forms and apply for the Grant. The level of our fees will depend on the complexity of the estate, the type of Inheritance Tax form which needs to be completed and whether Inheritance Tax is payable, or not.
Where we are able to complete the IHT205 form, which is generally speaking when Inheritance Tax is not payable, then our fees are based on our hourly rates, as detailed in our terms and conditions and we would expect our fees to be in the region of £750 to £1,500 plus VAT.
Where an estate requires the completion of an IHT400, which is the lengthier of the two forms, our fees are based on our hourly rates, as detailed in our terms and conditions and we would expect our fees to be in the region of £2,500 to £3,500 plus VAT.
These figures assume that all the necessary information has already been obtained to enable us to complete the Inheritance Tax form. This does not include any post-Grant work, nor the gathering in of assets.
Where we are dealing with the full administration, then our charge will normally be 0.5% of the gross estate less any residence, together with 0.75% of the residence value, in addition to our hourly rates. This is to reflect our responsibility of correctly valuing and disclosing the asset’s existence to HM Revenue & Customs, as well as gathering in all of the assets, ensuring sufficient insurance is in place and distributing the estate amongst the beneficiaries.
If we are the Executors there is normally an extra charge for that responsibility (not more than 1% of the gross estate).
As every estate is different, it is almost impossible to accurately guess what are fees are likely to be. The initial consultation should provide us with enough information to give an initial estimate.
A good guidance is that straightforward cases are not likely to cost, overall, less than 2% nor more than 3% of the gross estate including all the percentages referred to above. However, particularly large valued or complicated estates clearly will not fit this model and would need to be assessed on a case by case basis.
Probate Application Fee: £155.00
Additional Office Copies of the Grant: 50 pence per copy
Swear fee: £5.00 per person per Oath and £2.00 per exhibit i.e. the Will/any codicils
Statutory Advertisements: Approximately £200
Anti-Money Laundering Search Fee: £6.00 per individual
Bankruptcy Searches £2.00 per Beneficiary
File Archive Fee: £20-40 plus VAT depending the size of the file