Mulcahy Smith Limited
23 Regent Terrace
Gateshead
Tyne & Wear
NE8 1LU
DX 60302
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Mulcahy Smith is the trading name of Mulcahy Smith Limited . Authorised and regulated by the Solicitors Regulation Authority 640868

Rules can be found at: www.sra.org.uk

Company registration number is 10633946

VAT Registration number is 300940502

Tel:      0191 490 1000

Fax:     0191 477 1996

email:  law@mulcahysmith.co.uk

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Making a Will allows you to protect your wishes when you die and makes it much easier for your family and friends to sort everything out easily.

Not making a Will means that your estate will be shared out in the standard way defined by law. This is especially important if you want to leave something to people outside of your immediate family.

A Will can also help reduce the amount of Inheritance Tax that might be payable as well as give you peace of mind that your children and other family members who depend on you financially are looked after.

 

For a free no obligation quote call us now on 0191 490 1000 or use the contact form below and one of our solicitors will be in touch

Example Costs with fixed fee for additional work
Applying for the grant, collecting and distributing the assets

We anticipate this will take between 4 and 14 hours work at £175.00 per hour. Total costs estimated at -£700 and £2,450.00 (+VAT).

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.

We will handle the full process 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 4 bank or building society accounts

  • There are no other intangible assets

  • There are no disputes between beneficiaries on division of 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 £155.00

  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)

  • If required depending on the circumstances post in The London Gazette – Protects against unexpected claims from unknown creditors.(approx £250.00)

  • Post in a Local Newspaper – This also helps to protect against unexpected claims.(approx £100.00)

Disbursements are costs related to your matter that are payable to third 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 (stocks 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 you a more accurate quote once we have more information.

  • If any additional copies of the grant are required, they will cost about £5.00.

  • 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 2-4 months. Typically, obtaining the grant of probate takes 4-6 weeks. Collecting assets then follows, which can take between 2-6 weeks. Once this has been done, we can distribute the assets, which normally takes 1-2 weeks.

Example (fixed fee)

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.A fixed fee only applies where the estate is less than £325,000.00 and there are no more than 3 assets and the only liability is the funeral account. There must be no disputes involved or claims against the estate.

How much does this service cost?

TOTAL: fixed fee of £900 (incl. VAT).

This includes: obtaining the grant, collecting assets and distributing them.

Breakdown of costs:

Legal fees £750.00

VAT on legal fees £150.00

Disbursements (£155.00 in total):

  • Probate court fee of £155.00

  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary).

  • If required depending on the circumstances post in The London Gazette – Protects against unexpected claims from unknown creditors (approx£250.00)

  • Post in a Local Newspaper – This also helps to protect against unexpected claims (approx £100)
     

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
 

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate solicitor to work on your matter

  • Identify the legally appointed executors or administrators and beneficiaries

  • Accurately identify the type of Probate application you will require

  • Obtain the relevant documents required to make the application

  • Complete the Probate Application and the relevant HMRC forms

  • Draft a statement of truth for you .

  • Make the application to the Probate Court on your behalf

  • Obtain the Probate .

  • Collect and distribute all assets in the estate
     

On average, estates that fall within this range are dealt with within 2-4 months. Typically, obtaining the grant of probate takes 4-6 weeks. Collecting assets then follows, which can take between 2-6 weeks. Once this has been done, we can distribute the assets, which normally takes 1-2 weeks.