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

What Happens Once Probate Is Granted?

By Chris Ringham 25 Mar, 2020 0 Comments

If a person has died without leaving a will, it is usually up to the next of kin to apply for a 'grant of letters of administration', otherwise...

Continue reading

The Key Differences Between Freehold & Leasehold Property (Explanation For First Time Buyers!)

By Chris Ringham 12 Mar, 2020 0 Comments

There is no doubt that purchasing your first home is both exciting and a little daunting. As a first-time buyer, you will not have been through...

Continue reading

5 Common Divorce Myths Dispelled

By Chris Ringham 02 Mar, 2020 0 Comments

There are many myths surrounding divorce but can you believe everything you read? In this helpful article, we debunk five of the most commonly...

Continue reading

How Long Does Probate Take If There Is A Will?

By Chris Ringham 14 Feb, 2020 0 Comments

The term 'probate' refers to the legal process of reviewing a will. This process is aimed at determining the authenticity and validity of a will....

Continue reading

What Are The Steps Of A Property Transaction?

By Chris Ringham 06 Feb, 2020 0 Comments

Stepping onto the property ladder is an exciting time, but the process of purchasing your first home can be confusing.

Continue reading

We Provide Will & Probate Services In March & Wisbech

By Chris Ringham 29 Jan, 2020 0 Comments

If you require Probate services in the March or Wisbech areas, Bowsers Solicitors is on-hand to help you understand the process, including...

Continue reading

Subscribe Here!

the-conveyancing-process-explained-guide

Recent Posts

New call-to-action