Wills and Probate
It is never too early to make arrangements and manage your business affairs in the event of your death. Making a Will now can save further heartache for your loved ones and stop any disputes arising between them ensuring that your affairs are managed exactly how you wished.
Our Probate lawyers provide a full Wills drafting service and are able to advise you on basic tax planning matters and Inheritance Tax and the various ways in which you can hold property to maximise your tax allowances.
We also offer an estate planning service and will ensure that any business that you own will also continue to be led by the people you have chosen.
Contact a member of our team today for advice including:
Do not put off making a Will. It is as important for young people to make a Will as it is for older people. Do not assume that if you do not bother making a Will, your Wife or Husband will inherit everything. She or He may not and if the estate goes to other members of the family there may be Inheritance Tax to pay which could leave your spouse with financial difficulties.
There are many reasons to make or update your Will. Questions to consider:
As well as providing Will Services and preparing Lasting Powers of Attorney, we also provide specialist legal services on registering Enduring Powers of Attorney and on full applications to the Court of Protection where a person loses mental capacity but there is no Lasting Power of Attorney in place.
More and more people are now becoming proactive in terms of planning for their old age and we are happy to be part of that planning process. We work closely as a practice with the local branch of Age UK (formerly Age Concern) and we provide advice on Inheritance Tax issues, gifts of property, protecting the home and minimising residential home or nursing home fees.
Probate: Range of Costs
The exact cost will depend on the individual circumstances of the matter.
This is a two stage process.
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Stage 1 – Obtaining of a Grant of Probate and/or Letters of Administration
We confirm our fees are: £495 + vat (£99) and court fees £157 and oath fees of approximately £7 totalling £758.00
We will handle this process for you. This quote is for estates where:
Disbursements included in this fee:-
As part of our fixed fee we will:
Stage 2 – Administration of the Estate
There is a separate charge for the administration of the estate. This is charged on a time spent basis. Our charging rates are £215 per hour. There is a charge of £21.50 for each letter or email written and for each telephone call made and received. There is a charge of £10.75 for each letter or email received.
We will handle the full process for you. The average cost will be around £1,000 plus VAT (£200) total £1,200. The process involves us proceeding to encash all assets and discharge all liabilities, prepare Estate and Distribution Accounts and make a payment to beneficiaries. This quote is for estates where:
As part of our fee we will:-
Potential additional costs
Please note if we are dealing with the sale or transfer of a property in the estate there is a separate charge payable. A quotation can be obtained from our conveyancing department.
How long will this take?
On average, estates that fall within this range are dealt with within 9-12 months. Typically, obtaining the grant of probate takes 6-8 weeks. Collecting assets then follows, which can take between 6-8 weeks. Once this has been done, we can prepare estate accounts for approval and distribute the assets, which normally takes 4-6 weeks.
McCarthy Bennett Solicitors LLP
trading as MBH Solicitors
26, Bridgeman Terrace, Wigan WN1 1TD
Authorised and regulated by the Solicitors Regulation Authority. SRA No. 810716
This firm maintains professional indemnity insurance in accordance with the rules of the Solicitors Regulation Authority
Details of the insurers and the territorial coverage of the policy are available for inspection at our offices.