The death of a loved one is always deeply upsetting. A difficult time can be made all the more stressful if you are facing the daunting task of administering their estate and associated tax issues.
Dealing with the deceased’s property and other assets is often overwhelming, particularly if they have died intestate (without a valid Will in place).
Depending on your relationship with the person who has passed away and the value of their estate, you may also need to apply for probate, otherwise known as “a grant of representation”.
This gives you the legal right to access the individual’s bank accounts to handle any unpaid debts or to collect the estate’s assets. It is also important when it comes to distributing the estate among any beneficiaries named in the Will.
At OGR Stock Denton we can advise on the technicalities of probate and the administration of estates, taking over the burden of all the associated paperwork and liaising with the relevant organisations on your behalf and dealing with Inheritance Tax.
We charge an hourly rate of between £220 and £395 depending on who deals with your matter. The higher rate is usually for the partner supervising the matter, whereas the general day to day work on the matter would be carried out by associates and other less experienced members of the team (therefore the hourly rate varies accordingly).
We do not charge a percentage of estate value, which the Law Society rules entitle us to do. As a general guide, depending on the complexity and time taken for the probate to be granted, the total fees could equate to approximately 1-3% of the estate.
This will give you peace of mind that all the relevant rules are being followed and reduce the burden on your shoulders during a difficult time.
For further information on any of the services we provide, please visit our contact us page.