Writing a will doesn’t have to be expensive and it is essential if you want your loved ones to be protected should anything happen to you.
It is important however to get it right. Our solicitors have the qualifications, experience and understanding to ensure that your will is legally valid and tailored to your needs.
As part of our Hull wills service we can offer you inheritance tax planning advice to help you leave your assets in the way that would be most beneficial to your family.
Trusts are equally important if you want to ensure that your financial responsibilities can be properly fulfilled during your lifetime and beyond.
We can also help you to set up a Lasting Power of Attorney. In simplest form, this is a document which gives another person the authority to look after your affairs should you become mentally or physically incapable.
Whatever your needs, our Hull wills and probate team will work closely with you to make the most of your assets.
Advance decisions and living wills
Powers of Attorney
Court of Protection application and administration
Residential care fee planning
Trust creation, advice and administration
Probate and Estate Administration
Applying for the grant, collecting and distributing the assets
We anticipate this will take between 10 and 30 hours work at hourly rates between £132.00 (£110 plus VAT @ £22) and £258 (£215 plus VAT @ £43) per hour depending on the level of experience and qualification of the fee earner. Total cost estimated at £2,400 (£2,000 plus VAT @ £400) – £6,600 (£6,000 plus VAT @ £600).
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 5 bank or building society accounts
- There are no other intangible assets
- There are 1-5 beneficiaries
- There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to leave to an increase in costs
- There is no inheritance tax payable and the executors do not need to submit a full amount to HMRC
- There are no claims made against the estate
- There are no foreign assets
- There are no beneficiaries to trace
Additional disbursements include:
- Probate application fee – £155
- Bankruptcy-only Land Charges Department searches (per beneficiary) – £2
- Post in The London Gazette – Protects against unexpected claims from unknown creditors – £82
- Post in Local Newspaper – This also helps to protect against unexpected claims – £130
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 shareholdings (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 50p (1 per asset usually).
- Missing asset search.
- Dealing with the sale or transfer of any property in the estate is not included.
- Dealing with deceased’s lifetime tax position.
- Requirements for registration and tax returns for complex estates.
How long will this take?
On average. Estates that fall within this range are dealt with within 6-12 months. Typically, obtaining the Grant of Probate takes 6-8 weeks. Collecting assets then follows, which can take between 4-12 weeks. Once this has been done, we can distribute the assets, which normally takes up to 12 months.
Who will carry out the work?
We have a highly experienced team of five fee earners who may work on your matter complemented by support staff.
Regardless of who woks on your matter, they will be supervised by Stephen Walker.
Kelly is a member of the wealth management department. She is proficient in all areas of her speciality, including drafting of complex wills, administration of estates, trusts and Court of Protection matters. Kelly prides herself on her ability to really understand the needs of her clients, advising them on the options available and implementing with precision, all whilst giving comprehensive, clear and concise advice. Her empathy, mixed with reassuring demeanour means clients know that they are in a safe reliable pair of hands.
Stephen qualified as a solicitor in 1986 and also holds the qualification of Notary Public.
He specialises in wills, probate and trust work along with powers of attorney and deputyships. Stephen has been carrying out this type of work for over 21 years. He has advised all types of clients from those wanting simple wills or the administration of a small estate, to complex wills for tax planning for high net worth clients or with multi-million pound estates and intricate property and business affairs to deal with.
Inheritance tax and trusts form a large part of Stephen’s work and his clients appreciate his straight-forward, clear and professional advice.
Diane qualified as a solicitor in 1985 and specialises in estate and succession planning, trusts and care home fee planning. Diane is a member of the Society of Trust and Estate Practitioners (STEP).
Ellie-May is a chartered legal executive. She works in the wealth management department, specialising in wills, trust matters, obtaining grants of probate and administering estates. Ellie-May is the perfect combination of professionalism, knowledge and approachability. She unravels complex situations and makes the process clear. She builds strong client relationships understanding that whether making a will or LPA, administering an estate of a loved one or assisting an attorney with their duties, a sympathetic yet certain approach is central to completing matters effectively.
India joins us as a para-legal but is training for a legal executive qualification. She specialises in complex Wills and Lasting Powers of Attorney.
Fee Earner Charging Rates
All qualified solicitors charge £276 (£230 plus VAT £46) per hour. Other named fee earners charge £234 (£195 plus VAT £39) per hour.
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