Our charges

Our costs are generally based on the time we spend time dealing with your case, in accordance with our hourly charge-out rates. These rates depend on the seniority and experience of the Case Handler advising you. We will always give you a cost estimate at the beginning of every matter.

We are happy to carry out work on a fixed-fee basis to give you the security of knowing what your legal costs will be from the outset. If you would find it helpful, we can also agree a fees limit that should not be exceeded.

Fees guidelines

Wills, codicils and letters of wishes

Standard wills (containing straightforward, simple provisions and no tax advice): £220 to £350 + VAT
Codicils: £150 to £220 + VAT
Wills incorporating a discretionary or life interest trust: £350 to £495 + VAT
Letter of wishes to executors and trustees: £60 to £85 + VAT
Complex wills and tax-planning advice: POA

Trusts

Personal injury trusts for settlements under £100,000: From £750 + VAT
Personal injury trusts for settlements over £100,000: From £1250 + VAT
Discretionary, life interest, accumulation and maintenance trusts: From £750 + VAT

Lasting Powers of Attorney (LPAs)

LPA for a single person (Property & Financial Affairs or Health & Welfare): £150 + VAT
LPA for a couple (Property & Financial Affairs or Health & Welfare): £250 + VAT
LPA (Property & Financial Affairs and Health & Welfare) for a single person: £250 + VAT
LPA (Property & Financial Affairs and Health & Welfare) for a couple: £450 + VAT
For Lyons Davidson to act as Certificate Provider: £75 plus VAT
Registering one LPA for a single person (Property & Financial Affairs or Health & Welfare): £50 + VAT and court fees
Registering one LPA for a couple (Property & Financial Affairs or Health & Welfare): £100 + VAT and court fees
Registering Property & Financial Affairs and Health & Welfare LPAs for a single person: £100 + VAT and court fees
Registering Property & Financial Affairs and Health & Welfare LPAs for a couple: £200 + VAT and court fees

Enduring powers of attorney

From £200 + VAT and court fees

Probate

No two estates are the same, so we offer a fixed-fee service for the simplest estates where we just obtain the Grant of Representation for you and do not administer the estate itself. We would also be delighted to give you a quote for more complex estates, which will take into account how much work there is to do and how complex the matter is.

We prefer not to give fixed-fee quotes for more complex matters because this would push the costs up for estates that are higher in value but simple to administer. We have been working with private clients for over 40 years and we know that they would prefer to pay for the service they receive rather than us attempting to fix a ‘one price fits all’ approach.

In order to give you an accurate quote rather than a ‘top line’ figure, we would prefer to talk to you about what you need us to do and then we can agree what steps we will take and what steps you will take, so that an informed and clear budget is set out at the beginning. Neither we nor you can know if events will change during the course of an estate administration but, if that should happen we can discuss it at the time and agree with you how you would like us to handle any changes.

For more information, please get in touch.

Application for Grant of Representation only – fixed fees

The work will be carried out by a qualified solicitor.

We can obtain the Grant of Representation for non-taxable estates but not undertake any of the estate administration. You will need to give us all the information needed to obtain a Grant of Representation (we will let you know what we need) and we will then draw up the application for you. Once we have the Grant of Representation, you can administer the estate.

Cost: £750 + VAT and disbursements (i.e. expenses paid to other people on your behalf), which will include the Probate Court fee of £155 plus £0.50 per additional copy of the grant required.

We can also obtain the Grant of Representation only for taxable estates. You will need to give us all of the information needed to obtain a Grant of Representation and we will then draw up the inheritance tax return, the Grant of Representation application for you, and agree with you how the inheritance tax (IHT) should be paid and arrange for payment. Once the IHT is paid, we will get clearance from HMRC to apply for the Grant of Representation, then apply for it. Once we have the Grant of Representation, you can administer the estate.

Cost: £2,500 + VAT and disbursements (as above), which will include the Probate Court fee of £155 plus £0.50 per additional copy of the grant required.

Estate administration

We can also provide you with a full estate administration service. This involves gathering all the information needed to obtain the Grant of Representation; liaising with the various banks, financial and other institutions; dealing with payment of IHT if applicable; getting the Grant of Representation; gathering in the assets of the estate; drafting estate accounts; paying estate debts and then payment of legacies and the residuary estate; plus all other aspects of estate administration (except the actual property conveyancing fees, which are dealt with separately by our property team).

We do not do this on a fixed-fee basis because no two estates are the same. Our time is charged at an hourly rate, so complex estates always cost more to administer than simple estates. We do not calculate our charges with any reference to the value of the estate: this is because the value of the estate may not reflect how complex it is.

Once we have the details of the estate you would like administered and we have agreed with you how much work you would like us to do, and what you would like to handle yourself, we can give you a bespoke quote. However, for non-taxable estates that are simple and where there are no disputes, it is likely to cost between £2,500 + VAT and £5,000 + VAT. There will also be the Probate Court fee of £155 plus £0.50 per additional copy of the grant required.

Taxable estates or estates that are complex because of the assets they contain (e.g. foreign property), the trusts they create or any disputes between beneficiaries take more time and require more involvement from senior solicitors. They are likely to cost from £5000 + VAT to £15,000 + VAT and again, there will be Probate Court fees of £155 plus £0.50 per additional copy of the grant required. They could cost significantly more but we can give you details once we know what work is involved. We can also agree a cost limit with you to make sure that your budget is not exceeded.

Our hourly rates vary, depending on the seniority of the person dealing with the estate and are as follows:

Partner: £240 + VAT
Senior Associate/Associate: £180 + VAT
Solicitor: £160 + VAT
Trainee solicitor/paralegal: £120 + VAT

We usually have a mixture of people working on your file, with trainee solicitors or paralegals doing more straightforward aspects and more senior solicitors managing the complex aspects.

Other estate services we provide are:

Renunciation/power reserve notice: From £350 + VAT
Power of attorney to appoint executors: From £250 + VAT
Deed of variation: From £750 + VAT

These are not fixed fees and we would need to give you a costs estimate once we had details of the matter you would like us to help you with. For more information, please get in touch.

 

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Our Experts

Tamara Hasson

Private Client Group Leader and Partner

Email: thasson@lyonsdavidson.co.uk

Direct Dial: 0117 394 5030


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