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charity raffle 2021
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charity raffle 2021
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WILLS
Prices
Simple Will (Single)– meeting with you to take instructions and provide any necessary advice, drafting your Will, sending you your draft Will to make sure you are happy with the content along with a covering letter confirming your instructions and explaining the clauses of your Will, meeting with you to sign your Will (or sending them out with full signing instructions). £150 + VAT
Simple Will (Mirror) – meeting with you and your spouse or partner to take instructions and provide any necessary advice, drafting your Wills, sending you your draft Wills to make sure you are happy with them along with a covering letter confirming your instructions and explaining the clauses, meeting with you both to sign your Wills (or sending them out to you with full signing instructions). £250 + VAT
Life Interest Wills – Meeting with you to take your instructions and discuss your estate (including your assets), drafting your Wills and including a life interest trust of property or your residuary estate, providing you with a letter of advice detailing your instructions and the advice given in the meeting in relation to your estates and Wills, if you are happy with the Wills arranging a meeting to sign them (or sending them out to you with full signing instructions)
£400 + VAT
Discretionary Trust Wills (including business property relief wills, disabled persons wills, agricultural relief wills) – meeting with you to discuss your estate and provide advice regarding full estate planning and identifying the type of trust needed, providing additional advice regarding shareholders agreements or benefits if needed, drafting your will and accompanying letter of wishes and sending this to you with an explanatory letter regarding the clauses in your will and a letter of advice, further telephone calls to provide advice or assistance regarding your Will if needed and finally making an appointment to sign your will and letter of wishes.
Based on Fee Earners Hourly Rate
EXTRAS
Letter of Wishes / Statement £50 + VAT
Severance £200 + VAT
Will storage £15 + VAT
Express Wills Up to 5 working days
Simple Will - £200 + VAT
Mirror Will - £300 + VAT
Life Interest Will - £500 + VAT
LASTING POWERS OF ATTORNEY
1 x £400 (plus VAT)
2 x £595 (plus VAT)
4 x £1,000 (plus VAT)
PROBATE
Applying for the Grant, Collecting and distributing the assets
What follows is a typical example of our pricing structure in the Probate Department for work on an uncontested probate matter. We can offer flexibility on the charging on any individual file. What follows is an example of an hourly rate charge, but fixed fees or percentage fees can be agreed instead.
We anticipate that an uncontested probate matter will cost in the region of £2,500 - £5,000 plus VAT, plus 1% of the gross value of registered land in the estate and 1.5% of the gross value of all other assets (including unregistered land)
We handle the entire process from start to finish for you.
This quote is for estates where: -
· There is a valid Will
· There is no more than one property
· There are no more than six banks or building society accounts
· There are no other intangible assets
· There are 1-5 beneficiaries
· There are no disputes between beneficiaries on division assets. If disputes arise this is likely to lead to an increase in costs
· 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
Disbursements included in this fee: -
· Probate application fee of £273 plus 1.50p for each additional office copy of the grant.
· Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
· Other disbursements include circa £350 to cover Statutory Notices – which protect against unexpected claims from unknown creditors
Disbursements are costs related to your matter that are payable by 3rd parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Potential additional costs
· If there is no Will or the estate consists of any share holdings (stock 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. We can give a more accurate quote once we have more information
· Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
On average, estates that fall within this range are dealt with, within 3-9 months. Typically, obtaining the Grant of Probate takes 6-10 weeks. Collecting assets then follows, which can take between 2-6 weeks. Once this has been done, we can distribute the assets if there is no potential inheritance claim.
CONVEYANCING
Property Sale
Sale Price | Fee | VAT | Total |
|---|---|---|---|
Up to £150,000 | £570.00 | £114.00 | £684.00 |
£150,001 to £200,000 | £620.00 | £124.00 | £744.00 |
£200,001 to £250,000 | £670.00 | £134.00 | £804.00 |
£250,001 to £300,000 | £725.00 | £145.00 | £870.00 |
£300,001 to £350,000 | £780.00 | £156.00 | £936.00 |
£350,001 to £400,000 | £835.00 | £167.00 | £1,002.00 |
£400,001 to £450,000 | £880.00 | £176.00 | £1,056.00 |
£450,001 to £500,000 | £935.00 | £187.00 | £1,122.00 |
Over £500,000 | 0.25% of the purchase price | VAT on 0.25% |
Please note our conveyancing prices exclude disbursements.
Property Purchase
Title | Fee | VAT | Total |
|---|---|---|---|
Up to £150,000 | £600.00 | £120.00 | £720.00 |
£150,001 to £200,000 | £645.00 | £129.00 | £774.00 |
£200,001 to £250,000 | £700.00 | £140.00 | £840.00 |
£250,001 to £300,000 | £750.00 | £150.00 | £900.00 |
£300,001 to £350,000 | £800.00 | £160.00 | £960.00 |
£350,001 to £400,000 | £850.00 | £170.00 | £1,020.00 |
£400,001 to £450,000 | £895.00 | £179.00 | £1,074.00 |
£450,001 to £500,000 | £950.00 | £190.00 | £1,140.00 |
Over £500,000 | 0.25% of the purchase price | VAT on 0.25% |
Please note our conveyancing prices exclude disbursements.
Other Fees
Service | Fee | VAT | Total |
|---|---|---|---|
Remortgage | £300.00 | £60.00 | £360.00 |
Transfer of Equity | £300.00 | £60.00 | £360.00 |
Additional Fees
Service | Fee | VAT | Total |
|---|---|---|---|
Acting for a Power of Attorney | £100.00 | £20.00 | £120.00 |
Sliver of Land | £600.00 | £120.00 | £720.00 |
Deed of Covenant | £150.00 | £30.00 | £180.00 |
Deed of Trust | £150.00 | £30.00 | £180.00 |
Deed of Variation | £100.00 | £20.00 | £120.00 |
Lifetime ISA | £50.00 | £10.00 | £60.00 |
Help to Buy ISA | £50.00 | £10.00 | £60.00 |
Help to Buy Equity Loan | £100.00 | £20.00 | £120.00 |
Help to Buy Mortgage |