By Chris Ringham 27 Oct, 2019 0 Comments

What Is The Cost Of Applying For Probate?

What is the cost of applying for probate

Applying for probate is what you have to do if you want the legal right to someone's money and property after they have passed away. If the deceased person left a will, the person named as executor in the will must apply for a grant of probate. If no will was left, the deceased's next of kin must apply for a 'grant of letters of administration'. Both of these two processes together are generally known as applying for probate.

Download the FREE Bowsers Guide To Probate today!
Fixed Fees

The first cost when applying for probate will be the fixed application fee which all applicants must pay. At the time of writing, there is no application fee for estates worth less than £5,000. For estates worth more than £5,000, applications will cost £155 if sent through a solicitor and £215 if you apply yourself. It'll also cost you an extra 50p per extra copy of the grant of probate, which you should request a few additional copies of.

It's worth knowing that the government has plans to rehaul probate application fees in the near future, in a fee hike which will see fixed application fees scrapped for properties worth under £50,000, with a rising fee rate for properties valued at over £50,000.


Variable Fees

After the application fee, there will usually be further fees which depend on the estate you are applying for probate for. These fees can be broken down into:

  • Insurance fees. During probate, properties require specialist home insurance to protect them during this difficult period. This is called probate home insurance.
  • Valuation fees. Part of probate involves having an estate valued in order to determine how much inheritance may be payable.
  • Brokerage fees. This is the fee you will pay your solicitor or broker for completing the probate application for you. Some solicitors charge fixed rate brokerage fees, while others will operate on the basis of the value of the estate.

In general, the more valuable the estate is that you're applying for probate for, the more expensive the total application costs will be. While the most cost-effective way to apply for probate is to do it yourself, many people choose to employ solicitors and to ensure it is done correctly and due to the sensitive and often quite upsetting process of applying oneself.

Applying for probate can be a complicated process which is difficult to face during a period of grief. For more information and advice about applying for probate, don't hesitate to contact us here at Bowsers Solicitors.

The Bowsers Guide To Probate

Image source: Unsplash

All About Settlement Agreements

By John Fellows 21 Dec, 2020 0 Comments

Regrettably, not every relationship between an employer and an employee lasts. Thus, it is not uncommon for potential claims to materialise after...

Continue reading

4 Signs of Potential Boundary Troubles to Look Out For When House Hunting

By Chris Ringham 09 Dec, 2020 0 Comments

A boundary dispute can be extremely unpleasant, souring relationships between neighbours and making you feel uncomfortable in your own home. It's...

Continue reading

When is a Debt Not Worth Pursuing?

By Chris Ringham 01 Dec, 2020 0 Comments

It's essential that you make reasonable efforts to pursue any debts that you are owed. Not doing so can cause serious problems for your cash flow,...

Continue reading

Can I Evict a Tenant During the Coronavirus Pandemic?

By Chris Ringham 23 Nov, 2020 0 Comments

If you're a landlord, there may be some uncertainty about what you can and can't do regarding your tenants during the coronavirus pandemic....

Continue reading

Wrongful Dismissal: Can my Boss Fire me During the Coronavirus Pandemic?

By Chris Ringham 16 Nov, 2020 0 Comments

The Coronavirus pandemic has made the employment situation a lot harder for many people, both employers and employees. You may be worried that...

Continue reading

Debt Recovery - the Importance of Background Checks

By Chris Ringham 09 Nov, 2020 0 Comments

Debt recovery can be a difficult and time-consuming process, and if you hire a dedicated debt recovery specialist it can become expensive too....

Continue reading

Subscribe Here!

Guide To Boundary Disputes - Small CTA

Recent Posts

bowsers-debt-recovery-methods-guide
the-conveyancing-process-explained-guide