In addition to the pricing information set out on the Probate and Estate Administration Services web page, the following are three examples covering the range of estates we tend to deal with and shows how the pricing applies in these scenarios. It is provided to give you a better understanding of the potential total cost. But please remember every estate is different so they are only a guide.
Example 1 - A simple estate with one residential property, two bank accounts, no shares and two beneficiaries. The estate is valued at £200,000.
All fees are paid directly to Finch Tax and Accountancy Services Limited.
Example 2 - A more complex estate with one residential property, three bank accounts, shares and four beneficiaries. The estate is valued at £500,000.
All fees are paid directly to Finch Tax and Accountancy Services Limited. Please note property valuation fees and conveyancing fees, are fees that will be paid to third-party providers so can vary significantly, but a quotation will always be obtained before the services of such third-party providers are engaged.
Please also remember this figure does not include the inheritance tax that had to be paid from the estate. In this example that amounted to £70,000.
Example 3 - A complex estate with two residential properties, a business, four bank accounts, shares and six beneficiaries. The estate is valued at £1,500,000.
All fees are paid directly to Finch Tax and Accountancy Services Limited. Please note property valuation fees and conveyancing fees, are fees that will be paid to third-party providers so can vary significantly, but a quotation will always be obtained before the services of such third-party providers are engaged.
Please also remember this figure does not include the inheritance tax that had to be paid from the estate. In this example that amounted to £200,000.