Wills, Estates & Probate
Making a Will is the only way to ensure your property and other possessions will go where you wish after your death.
Other considerations a Will can deal with are:
- Appointing guardians to look after your children
- Reducing Inheritance tax
- Funeral wishes
If you do not have a Will, the laws which decide where your assets go can be very unfair, not providing for an unmarried partner or step/foster children. Not making a Will can also cause a great deal of stress and expense for those that you leave.
By making a Will with Bendles, you can be confident that your family and assets are protected in the best possible way. To ensure your family’s future is protected make an appointment and we will take care of the rest.
Wills cost £150+vat or £250+vat for a couple.
If you have been given the role of executor in a Will then you may need to apply for Probate. This is an order granted by the Court to give you authority to deal with the deceased’s estate. If there is no valid Will or no executors, we can help you to apply for Letters of Administration.
We like to offer a straightforward and clear pricing structure for our probate fees. At the outset of the administration, we will agree with you the basis of our charges for the administration. Our charges are:
Application for Grant of Probate
Administration of the Estate Minimum
Administration of the Estate (average)
1%-2% of the Gross Estate
Our costs exclude VAT.
These are expenses related to the estate that are payable to third parties, such as the probate office fees. Typical disbursements in probate matters are:
Additional Grant of Probate copies
Executors Oath Swear Fees
£5 + £2 per additional document
Land Registry Fees (if applicable)
Bankruptcy and insolvency checks
Further disbursements maybe required based on the assets to be administered.
Completing a Probate can be a time-consuming matter.
The application for just the Grant of Probate can take around 4-8 weeks. This is dependent on the probate registry and their workload and all the information required from you being available.
For the administration of smaller straightforward Estates, the timescale is usually somewhere between three to six months but for larger Estates (which are often taxable) the time it takes to administer the Estate can take anything from six months to eighteen months and very occasionally for very large/complex Estates with a number of assets, beyond that. This includes protection for the executors against any claims made against the estate.
We will advise at an early stage the estimated time that we think the administration of the Estate would take.
Pre Grant of Representation
Post Grant of Representation
Initial meeting to review any Will/discuss intestacy rules and advise on the deceased provisions
Collect and receive and monies or assets making up the Estate
Request all information required for application of Grant
Pay any liabilities such as any debts incurred by the deceased
Consider the executors and their roles/wishes
Correspondence with beneficiaries and provide updates to executors
Consider any Inheritance Tax payable
Consider any allowance such as Nil rate or reliefs in relation to the Inheritance Tax.
Preparation of the Oath Preparing of Inheritance tax forms
Further meeting to sign the Oath
Pay any required inheritance tax
Complete the administration of the estate and pay the balance of monies to the beneficiaries
Our charges would not include work such as:
- Trusts to be setup with the Estate assets;
- Beneficiaries searches;
- Property sales;
- Business advice in relation to the Estate Assets.
In relation to these matters we can provide you with a quote for our fees.