SlideShare a Scribd company logo
Understanding Probate Fees

If you are new to dealing with probate, there may be some confusion over probate
fees. This is because there are two types of fee. The first is the fee you pay to HM
Courts and Tribunal Service for permission to probate the Will and access the
finances of your loved ones. This fee is £105 and you also pay £1 for each copy of the
documents needed to send to the financial institutions that hold the deceased’s
assets.

If the deceased has assets of under £5000 after funeral expenses you will not need
to apply for probate to access their money. This amount can be as much as £10,000,
depending on the financial institution.If your loved ones assets exceed this amount
you will need to apply for grant of probate and send your cheque off with the
application for £105 plus the costs of each copy of the document to HM Courts and
Tribunal service.

The second type of probate fee relates to paying someone to probate the Will. You
can probate the Will yourself but you may not feel like doing so when you are
already suffering the loss of your loved one. Probate services are usually available
from a solicitor, or a fixed fee probate service. These fees can vary, depending on the
service provided and how complicated the deceased’s finances are. Nobody ever
intends to leave complicated finances for a loved one to deal with the trouble is few
of us know when we are actually going to die.

What Do Probate Fees Include?

Probate fees include everything needed to deal with the estate. Before applying for
probate you would visit a fixed fee probate service or a solicitor and ask them to
apply for probate on your behalf. They would then access the deceased’s assets,
chase up any debts and pay any bills. They would then cash in all assets. Depending
on your loved ones estate this may involve the sale of any properties and stocks,
shares and bonds.

Next they would calculate any inheritance tax owing on the estate, deal with HMRC
on your behalf and pay any tax owing from the estate. Finally they would distribute
the estate to the benefactors of the will accordingly.

Is There a Way to Keep the Cost of Probate Fees to a Minimum?

Dealing with probate yourself at your sad time of loss can be daunting. So many
people opt to use a probate service instead. But the thought of unknown legal fees
can be daunting. Solicitors charge huge amounts for the work they do, and at around
£100 a letter, fees can quickly mount up.

A good way to keep costs down is by using a fixed fee probate service. This type of
service will discuss the deceased's assets with you and tell you exactly how much
dealing with the estate will cost, so you won’t have to worry about huge probate
fees once their work is complete.

                                   IWC Estate Planning & Management Ltd. are a specialist
                                   Will Writing and Probate Company offering nationwide
                                   coverage. The company provides fixed fee probate
                                   services; rates are agreed with clients in advance. Fees
                                   are based on the work that has to be carried out, rather
than the estate value or at an hourly rate.

IWC are regulated by the Society of Will Writers and Estate Planning
Practitioners and registered at Companies House. Their head office is located
in Croydon, Surrey, with satellite office coverage across most of England.
Follow us on Twitter @IWCLtd

More Related Content

Viewers also liked

The Basics Of NLP Training
The Basics Of NLP TrainingThe Basics Of NLP Training
The Basics Of NLP Training
alexakennedykrs
 
Nitrolabrussia smoking
Nitrolabrussia smokingNitrolabrussia smoking
Nitrolabrussia smokingnitrolabrussia
 
Christine.Hom_LCSW.resume_8.2016
Christine.Hom_LCSW.resume_8.2016Christine.Hom_LCSW.resume_8.2016
Christine.Hom_LCSW.resume_8.2016
Christine Hom
 
shaikh aleeem ahmed
shaikh aleeem ahmedshaikh aleeem ahmed
shaikh aleeem ahmedindianwhc
 
Matriz modelo
Matriz modeloMatriz modelo
Matriz modelo
Alex Hernandez Torres
 
Cumpleaños enero febrero de 2014
Cumpleaños  enero febrero de 2014Cumpleaños  enero febrero de 2014
Cumpleaños enero febrero de 2014
Jose Zapata
 
Consulta empleados
Consulta empleadosConsulta empleados
Consulta empleados
evelynecopetrol2
 
O Valor das Boas Ideias
O Valor das Boas IdeiasO Valor das Boas Ideias
O Valor das Boas Ideias
Matheus Albergaria
 
Dpay 11467 westerly-fa
Dpay 11467 westerly-faDpay 11467 westerly-fa
Dpay 11467 westerly-fa
Dan DeLeo
 
Sodium Reduction in Vending Machines - Eskenazi Health
Sodium Reduction in Vending Machines - Eskenazi HealthSodium Reduction in Vending Machines - Eskenazi Health
Sodium Reduction in Vending Machines - Eskenazi Health
Thomas Thaman
 
Ballet
BalletBallet

Viewers also liked (12)

The Basics Of NLP Training
The Basics Of NLP TrainingThe Basics Of NLP Training
The Basics Of NLP Training
 
Nitrolabrussia smoking
Nitrolabrussia smokingNitrolabrussia smoking
Nitrolabrussia smoking
 
Christine.Hom_LCSW.resume_8.2016
Christine.Hom_LCSW.resume_8.2016Christine.Hom_LCSW.resume_8.2016
Christine.Hom_LCSW.resume_8.2016
 
shaikh aleeem ahmed
shaikh aleeem ahmedshaikh aleeem ahmed
shaikh aleeem ahmed
 
Matriz modelo
Matriz modeloMatriz modelo
Matriz modelo
 
Cumpleaños enero febrero de 2014
Cumpleaños  enero febrero de 2014Cumpleaños  enero febrero de 2014
Cumpleaños enero febrero de 2014
 
Consulta empleados
Consulta empleadosConsulta empleados
Consulta empleados
 
O Valor das Boas Ideias
O Valor das Boas IdeiasO Valor das Boas Ideias
O Valor das Boas Ideias
 
Dpay 11467 westerly-fa
Dpay 11467 westerly-faDpay 11467 westerly-fa
Dpay 11467 westerly-fa
 
Sodium Reduction in Vending Machines - Eskenazi Health
Sodium Reduction in Vending Machines - Eskenazi HealthSodium Reduction in Vending Machines - Eskenazi Health
Sodium Reduction in Vending Machines - Eskenazi Health
 
DOC (1).PDF
DOC (1).PDFDOC (1).PDF
DOC (1).PDF
 
Ballet
BalletBallet
Ballet
 

Recently uploaded

Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
olaola5673
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
brunasordi905
 
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and NordhausChapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
iraangeles4
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
yeuwffu
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
msthrill
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
nimaruinazawa258
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
asukqco
 
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
Any kyc Account
 
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Alexander Belyaev
 
Singapore 2024 Sustainability Slides.pdf
Singapore 2024 Sustainability Slides.pdfSingapore 2024 Sustainability Slides.pdf
Singapore 2024 Sustainability Slides.pdf
International Federation of Accountants
 
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Economic trends from a business point of view (May 2024)
Singapore 2024 Sustainability Reporting and Accountancy Education Slides
Singapore 2024 Sustainability Reporting and Accountancy Education SlidesSingapore 2024 Sustainability Reporting and Accountancy Education Slides
Singapore 2024 Sustainability Reporting and Accountancy Education Slides
International Federation of Accountants
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
KishoreKatta6
 
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdfGUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
ProexportColombia1
 
Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
Commonwealth
 
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
ahmedendrise81
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
msthrill
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
cosmo-soil
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
krisretro1
 
What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?
Newman Leech
 

Recently uploaded (20)

Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
 
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and NordhausChapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
 
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
 
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
 
Singapore 2024 Sustainability Slides.pdf
Singapore 2024 Sustainability Slides.pdfSingapore 2024 Sustainability Slides.pdf
Singapore 2024 Sustainability Slides.pdf
 
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)
 
Singapore 2024 Sustainability Reporting and Accountancy Education Slides
Singapore 2024 Sustainability Reporting and Accountancy Education SlidesSingapore 2024 Sustainability Reporting and Accountancy Education Slides
Singapore 2024 Sustainability Reporting and Accountancy Education Slides
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
 
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdfGUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
 
Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
 
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
美洲杯投注-美洲杯投注买球官方官网-美洲杯投注比赛投注官网|【​网址​🎉ac10.net🎉​】
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
 
What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?
 

Understanding probate fees

  • 1. Understanding Probate Fees If you are new to dealing with probate, there may be some confusion over probate fees. This is because there are two types of fee. The first is the fee you pay to HM Courts and Tribunal Service for permission to probate the Will and access the finances of your loved ones. This fee is £105 and you also pay £1 for each copy of the documents needed to send to the financial institutions that hold the deceased’s assets. If the deceased has assets of under £5000 after funeral expenses you will not need to apply for probate to access their money. This amount can be as much as £10,000, depending on the financial institution.If your loved ones assets exceed this amount you will need to apply for grant of probate and send your cheque off with the application for £105 plus the costs of each copy of the document to HM Courts and Tribunal service. The second type of probate fee relates to paying someone to probate the Will. You can probate the Will yourself but you may not feel like doing so when you are already suffering the loss of your loved one. Probate services are usually available from a solicitor, or a fixed fee probate service. These fees can vary, depending on the service provided and how complicated the deceased’s finances are. Nobody ever intends to leave complicated finances for a loved one to deal with the trouble is few of us know when we are actually going to die. What Do Probate Fees Include? Probate fees include everything needed to deal with the estate. Before applying for probate you would visit a fixed fee probate service or a solicitor and ask them to apply for probate on your behalf. They would then access the deceased’s assets, chase up any debts and pay any bills. They would then cash in all assets. Depending on your loved ones estate this may involve the sale of any properties and stocks, shares and bonds. Next they would calculate any inheritance tax owing on the estate, deal with HMRC on your behalf and pay any tax owing from the estate. Finally they would distribute the estate to the benefactors of the will accordingly. Is There a Way to Keep the Cost of Probate Fees to a Minimum? Dealing with probate yourself at your sad time of loss can be daunting. So many people opt to use a probate service instead. But the thought of unknown legal fees can be daunting. Solicitors charge huge amounts for the work they do, and at around £100 a letter, fees can quickly mount up. A good way to keep costs down is by using a fixed fee probate service. This type of service will discuss the deceased's assets with you and tell you exactly how much
  • 2. dealing with the estate will cost, so you won’t have to worry about huge probate fees once their work is complete. IWC Estate Planning & Management Ltd. are a specialist Will Writing and Probate Company offering nationwide coverage. The company provides fixed fee probate services; rates are agreed with clients in advance. Fees are based on the work that has to be carried out, rather than the estate value or at an hourly rate. IWC are regulated by the Society of Will Writers and Estate Planning Practitioners and registered at Companies House. Their head office is located in Croydon, Surrey, with satellite office coverage across most of England. Follow us on Twitter @IWCLtd