1. ON AN HOURLY RATE BASIS

Our fees in acting in the administration of the Estate are based on an hourly rate of £150. Letters received will be charged in units of 1/20th of an hour (£7.50). Letters written will be charged in units of 1/10th of an hour (£15.00). Meetings, work on documents and time on the Telephone will be charged on the basis of time spent in each case – again based on Units of 1/10th of an hour. We will issue you with a complete breakdown of our costs for your agreement once the administration is complete along with the Estate Accounts for your approval. In the ordinary course, we would propose deducting our fees from funds held on behalf of the Estate. OR

2. ON A FIXED FEE BASIS

Grant of Probate / Grant of Letters of Administration only £700 plus VAT * (Executors / Administrators can then deal with the administration of the estate after we have obtained the Grant for them)

Dealing with entire estate (obtaining Grant, collecting in assets and distributing to beneficiaries) If the estate is under £325,000 and no Inheritance Tax is payable:
Basic price range

Estate up to 4 accounts
Estate from 4 up to 10 accounts
Additional costs relating to the administration of the estate

If there is no Will there will be an additional charge in relation to the increased complexity

£1000 plus VAT £1,500 plus VAT

£200 plus VAT*

*We reserve the right to alter the fixed price quote after instruction if there is a material change of instruction/information about the estate, e.g. number of accounts increases or Inheritance Tax becomes payable

Banded fee scale in relation to number of share holdings/stock

Additional fee as follows:

1 to 3 share holdings 3 to 5 share holdings 6 plus share holdings

Banded fee scale in relation to number of beneficiaries

Additional fee as follows:

3 to 5 beneficiaries 6 plus beneficiaries

Estate value over £325,000
1.25 % of the value of the estate

Estate between £1m - £4m 0.5% of the value of the estate

£100 plus VAT* £150 plus VAT* £200 plus VAT*

£200 plus VAT £300 plus VAT

*We reserve the right to alter the fixed price quote after instruction if there is a material change of instruction/information about the estate, e.g. number of accounts increases or Inheritance Tax becomes payable

*Disbursements

• Probate Registry fee of £155 and £0.50 for each Office Copy of the Grant required (1 per asset usually)

• Swear fees of £5 per swear (£6 per Executor/ Administrator) and £2 per exhibit (e.g. the Will)

  • Other disbursements will be advised as required, e.g. accountant’s fee for potential Income Tax return, Statutory Advertisement fee to advertise for unknown creditors, asset tracing fee

• There may be additional disbursements for lost share certificates and share registrar and/or sale agent fees on transfer or sale of the shares.

Additional costs not related to the administration of the estate

Property sales

Please note that t h e sale of property will incur additional fees and a quote can be provided by our Conveyancing department.

Please note that if we are Executors or co-Executors under a Will, we are responsible for marketing and selling the property and agreeing the sale price.

Property transfers

Please note that transfers of property (into the names of beneficiaries for example) will incur additional fees for which a quote can be provided should this be required.

Please contact us on 01689 885030 or email us info@ducatlaw.com for further information.

About

*We reserve the right to alter the fixed price quote after instruction if there is a material change of instruction/information about the estate, e.g. number of accounts increases or Inheritance Tax becomes payable