It can be an expensive exercise removing an executor after your death and this can be a common practice of estate planning businesses to write themselves in as your executor under the premise of your family needing some help with all the legal work. If you are unsure of your position we can review your existing will and advise accordingly.
We provide a quote beating personal service provided at times to suit you, in the comfort of your own home if help is needed. Our legal partners are SRA (Solicitors Regulation Authority) registered and Lexcel Practice Management Standard Law Society Accredited.
Probate is the court’s authority, given to a person or persons, to administer a deceased person’s estate and the document issued by the Probate Registry is called a Grant of Representation (see guide). This document is usually required by the asset holders (such as banks) as proof to show the correct person or persons have the Probate Registry’s authority to administer a deceased person’s estate.
The Probate process is needed when investments (typically over £5,000) were held in the deceased’s sole name and the banks, building societies and other organisations such as Land Registry request for a Grant of Probate/Letters of Administration (see guide) in order to release the funds held.
It doesn’t take a great mind to figure that probate costs can be huge and this is one reason that there has been a proliferation of ‘offers’ on cheap will writing, the £19.99 will writing offer where the providers are primarily focused on capturing future probate work. If you think you’ve been caught by such an offer see if the offer small print makes the provider the executors only permissible provider of probate services. This is most commonly seen within the will itself where the provider is named as an executor alongside your chosen executors. A more client friendly manner in offering help is where your will writing firm act as a reserve executor in case disaster strikes and your chosen executors are unable to act.
Probate services' and solicitors'costs for probate will vary depending on the estate size and complexity and the way they charge: If a percentage of the estate value is charged this is usually between 1-5% of the estate. Based on this, you can expect to pay between £1,000 and £5,000 in solicitors' fees per £100,000 value of the estate, plus VAT. However, some charge an hourly rate and a percentage and others purely an hourly rate which can be astronomical. The Law Society advise that solicitors should not charge more than 1.5% but this is advice and not conditional.
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