{"id":3866,"date":"2020-01-09T13:00:04","date_gmt":"2020-01-09T13:00:04","guid":{"rendered":"http:\/\/www.lynch-hall.co.uk\/?page_id=3866"},"modified":"2024-09-16T16:24:17","modified_gmt":"2024-09-16T15:24:17","slug":"about-us-4","status":"publish","type":"page","link":"https:\/\/www.lynch-hall.co.uk\/?page_id=3866","title":{"rendered":"Probate"},"content":{"rendered":"<div id='layer_slider_1'  class='avia-layerslider main_color avia-shadow  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  container_wrap sidebar_right' style='  height: 437px; max-width: 1140px; margin: 0 auto;' ><\/div><div id='after_layer_slider_1'  class='main_color av_default_container_wrap container_wrap sidebar_right' style=' '  ><div class='container' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-3866'><div class='entry-content-wrapper clearfix'>\n<div class=\"flex_column av_one_full  flex_column_div av-zero-column-padding first  avia-builder-el-1  el_after_av_layerslider  el_before_av_hr  avia-builder-el-first  \" style='border-radius:0px; '><p><div  style='padding-bottom:20px; ' class='av-special-heading av-special-heading-h2    avia-builder-el-2  el_before_av_textblock  avia-builder-el-first  '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Probate<\/h2><div class='special-heading-border'><div class='special-heading-inner-border' ><\/div><\/div><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><p><strong>Applying for the grant, collecting and distributing the assets (Hourly rate)<\/strong><\/p>\n<p>We anticipate this will take between 10 and 20 hours work at \u00a3250 per hour plus VAT (presently 20%). Total costs estimated at between \u00a32,500 and \u00a35,000 (excluding VAT).<\/p>\n<p>We will also charge a further 1.5% on the value of liquid assets and 0.75% on the value of any freehold or leasehold property plus vat at 20%.<\/p>\n<p>The exact cost will depend on the individual circumstances of the matter and the net worth value of the estate. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.<\/p>\n<p>We will handle the full process for you.<\/p>\n<p>This quote is for estates where:<\/p>\n<ul>\n<li>There is a valid will<\/li>\n<li>There is no more than one property<\/li>\n<li>There are no more than 3 bank or building society accounts<\/li>\n<li>There are no other intangible assets<\/li>\n<li>There are a maximum of 5 beneficiaries<\/li>\n<li>There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs<\/li>\n<li>There is no inheritance tax payable and the executors do not need to submit a full account to HMRC *<\/li>\n<li>There are no claims made against the estate<\/li>\n<\/ul>\n<p>Disbursements included in this fee:<\/p>\n<p>Probate application fee of \u00a3155<\/p>\n<p>Bankruptcy only Land Charges Department searches (\u00a32 per beneficiary)<\/p>\n<p>\u00a3200 to \u00a3300 Post in The London Gazette and local newspaper \u2013 Protects against unexpected claims from unknown creditors.<\/p>\n<p>Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.<\/p>\n<p><strong>Potential additional costs<\/strong><\/p>\n<p>If there is no will or the estate consists of any share holdings (stocks and bonds) there are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.<\/p>\n<p>If any additional copies of the grant are required, they will cost \u00a31.50 (per asset usually).<\/p>\n<p>Dealing with the sale or transfer of any property in the estate is not included.<\/p>\n<p><strong>How long will this take?<\/strong><\/p>\n<p>On average, estates that fall within this range are dealt with within 4 to 7 months. Typically, obtaining the grant of probate takes 6 to 12 weeks. Collecting assets then follows, which can take between 4 to 8 weeks. Once this has been done, we can distribute the assets, which normally takes 4 to 8 weeks.<\/p>\n<p><strong>*Inheritance Tax<\/strong><\/p>\n<p>Where Inheritance Tax is payable, we will be required to carry out more work including the submission of a full account to the Inland Revenue and our costs will increase based upon the additional time taken and at the hourly rate shown above. We shall be able to give you a full costs estimate of this once we have more information.<\/p>\n<\/div><\/section><\/p><\/div><div  style='height:20px' class='hr hr-invisible   avia-builder-el-4  el_after_av_one_full  el_before_av_textblock '><span class='hr-inner ' ><span class='hr-inner-style'><\/span><\/span><\/div><\/p>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><p>To find out more, call <strong>Grazyna Scotford<\/strong> on\u00a0<strong>0208 864 0722<\/strong> alternatively, e-mail her at:<\/p>\n<\/div><\/section>\n<div class=\"flex_column av_one_third  flex_column_div av-zero-column-padding first  avia-builder-el-6  el_after_av_textblock  avia-builder-el-last  column-top-margin\" style='border-radius:0px; '><article  class=\"iconbox iconbox_top av-no-box   avia-builder-el-7  avia-builder-el-no-sibling  \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\"><a href='mailto:Grazyna.Scotford@lynch-hall.co.uk' title='Grazyna Scotford' target=\"_blank\" rel=\"noopener noreferrer\" class=\"iconbox_icon heading-color\" aria-hidden='true' data-av_icon='\ue805' data-av_iconfont='entypo-fontello'><\/a><h3 class='iconbox_content_title  '  itemprop=\"headline\"  ><a href='mailto:Grazyna.Scotford@lynch-hall.co.uk' title='Grazyna Scotford' target=\"_blank\" rel=\"noopener noreferrer\">Grazyna Scotford<\/a><\/h3><\/header><div class='iconbox_content_container  '  itemprop=\"text\"  ><\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":3884,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3866","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/3866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3866"}],"version-history":[{"count":10,"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/3866\/revisions"}],"predecessor-version":[{"id":4255,"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/3866\/revisions\/4255"}],"up":[{"embeddable":true,"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/3884"}],"wp:attachment":[{"href":"https:\/\/www.lynch-hall.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}