{"id":989623,"date":"2024-03-11T23:28:53","date_gmt":"2024-03-11T23:28:53","guid":{"rendered":"https:\/\/kmtlaw.co.uk\/?page_id=989623"},"modified":"2024-03-12T06:45:32","modified_gmt":"2024-03-12T06:45:32","slug":"private-client","status":"publish","type":"page","link":"https:\/\/kmtlaw.co.uk\/index.php\/private-client\/","title":{"rendered":"Private Client"},"content":{"rendered":"\t\t
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Private Client-Probate\n \n <\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\u00a0<\/p>

Price list for wills, lasting power of attorney, probate, full estate administration service and setting up a trust.
Our fees, as well as the majority of Disbursements costs are subject to VAT at the current rate of 20%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Full estate administration service\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As a guide, the fees for full estate administration will typically start from \u00a33,000 – \u00a35,000 plus VAT for a very straightforward estate whilst fees for complex estates can exceed \u00a325,000 plus VAT.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Disbursements for Full Estate Administration<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Probate Application Fee: \u00a3273 (Additional copies available at \u00a31.50 each)<\/p>

Bankruptcy Searches: Land Charges Department searches at \u00a32 per beneficiary<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Statutory Notices<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\u00a388 plus VAT for posting in The London Gazette (Protection against unexpected claims from unknown creditors)<\/p>

\u00a3220 plus VAT for posting in a Local Newspaper (Additional protection against unexpected claims)<\/p>

Disbursements refer to costs associated with your case, such as court fees, payable to external parties. We handle these payments on your behalf to streamline the process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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If the estate includes share holdings (stocks and bonds), there might be additional costs. The exact amount varies based on the estate’s complexity, and we can provide a precise quote with more information.<\/p>

Additional copies of the grant requested after its issue will incur an extra charge from the Probate Registry.<\/p>

Please note that expenses related to the sale or transfer of any property in the estate are not covered in this fee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Settlement proposals and negotiating settlements<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Considering settlement proposals and negotiating settlements throughout the whole legal process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Duration<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Typically, estates falling within this category are resolved within 8-12 months. The process usually unfolds as follows:<\/p>

Obtaining the grant of probate: 8-10 weeks<\/p>

Collecting assets: 8-12 weeks<\/p>

Statutory notice period: 2 months and one day<\/p>

Distribution of assets after asset collection and expiration of the statutory notice period: 3-4 weeks<\/p>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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FAQs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost to make a will?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The costs for drafting a Will depends on a variety of factors to include ascertaining the beneficiaries, stock taking of assets, liaising with the testator etc. In straightforward cases, the fees would be in the range of \u00a3750-\u00a31,000 plus VAT. Otherwise, the matter will be billed on an hourly basis.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost to register an enduring power of attorney?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The fees for registering an Enduring Power of Attorney, following loss of capacity is \u00a31,000 plus VAT, (which includes a \u00a3600 solicitor\u2019s fee and \u00a382 Court fees).<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\u00a0<\/p>

Our Grant only service can be a cost effective way to obtain a Grant of Probate for a simple estate. KMT will assist in obtaining a Grant of Probate (or Grant of Letters of Administration) using information provided by the family or beneficiaries.<\/p>

Our estimates for:<\/p>

\u2022 A simplified estate form (IHT205) – \u00a32,500 plus VAT<\/p>

\u2022 A full estate form (IHT400) – \u00a33,500 plus VAT<\/p>

Depending on the complexity of the case, clients will be advised of the costs incurred on an hourly basis.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat are the fees for setting up a trust?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

A lifetime discretionary trust or life interest trust designed to hold cash or investments will cost around \u00a32,000 plus VAT to set up.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost to register a lasting power of attorney?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

\u00a0A single and Property and Affairs Lasting Power of Attorney document – \u00a31,000 plus disbursement fee of \u00a382.<\/p>

A pair of similar Property and Affairs Lasting Power of Attorney documents – \u00a31,500 excluding VAT plus disbursement fee of \u00a3164.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/main><\/div><\/div>