Estate Administration Costs

The Estate Administration Team at Kiteleys will provide a cost estimate by way of a no-charge, no-obligation initial discussion either in person or over the telephone. The following is intended as a general guide.

Many of our clients prefer the reassurance of appointing Kiteleys as their Executors under their Wills but we provide the same level of service to those appointed personally as Executors who choose to instruct us. We are happy to tailor our services to meet your requirements and this level of service may range from obtaining the grant of probate (or letters of administration) to the complete administration of an estate.

As you would expect, our costs are based primarily upon the size and complexity of a matter as this reflects the level of involvement that is required both in terms of time and expertise.

Although most of our clients request a fixed fee this is not always the preferred option and we are also happy to agree to operate on a time spent basis and the hourly rates of the estate administration team are set out below. The most appropriate charging mechanism would be agreed upon in our initial discussion.

All prices are subject to VAT at the prevailing rate (currently 20%). 

Fees:

Applying for grant of representation only (and where appropriate obtaining inheritance tax clearance):

As a guide, our fees would be in the region of £1,500 plus VAT to £3,000 plus VAT depending on factors such as if the estate is an excepted estate; does a residence nil rate band(s) need to be claimed; is the estate liable for Inheritance Tax.

Full Estate Administration:

Our fees fall within a range of 1.5% and 3% of the gross value of the estate plus VAT (depending on the size and complexity of the matter) with a minimum charge of £2,500 plus VAT.

As mentioned above, we are also happy to agree to operate purely on a time spent basis and provide an estimate of fees, if this is more appropriate.