Adco Legal specialise in commercial and personal law. Our clients’ interests are at the centre of our work. Achieving the required outcome in the shortest possible time remains our priority as solicitors.
Adco Legal specialise in commercial and personal law. Our clients’ interests are at the centre of our work. Achieving the required outcome in the shortest possible time remains our priority as solicitors.
We can help you through this difficult process by obtaining the Grant of Probate on your behalf.
TOTAL: Fixed fee of £1,750 plus VAT and disbursements
Obtaining date-of-death valuations for all assets and liabilities, applying for the grant, collecting and distributing the assets. These matters are dealt with on a time and cost basis with an hourly rate of £275.00 per hour. Most full administration matters cost between £3000.00-£8000.00 plus VAT and disbursements.
This will depend on the individual circumstances of the matter. 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. We will handle the full process for you. This quote is for estates where:
On average, estates that fall within this range are dealt with within 9-12 months. Typically, obtaining the grant of probate takes 8-12 weeks. Collecting assets then follows, which can take between 6-8 weeks. Executors are advised to wait for a period of 6 months from the date of the Grant before distributing assets to protect themselves in the event that a claim is made against the estate under the Inheritance (Provision for Family Dependants) Act. Once this period has expired, we can prepare estate accounts and distribute the assets, which normally takes 4-6 weeks.
Percentage Value of Estate,
Where an Estate is of higher value or offers significant complexity, we may charge an additional percentage of the value of that Estate of between 0.5% and 1%. This figure would be agreed upon with the Executors of the Estate prior to it applying after the grant of probate.
Every situation is different and so timeframes are difficult to prescribe. Straightforward, non-disputed debts usually take 2-6 weeks from receipt of instructions to the recovery of a sum of money, assuming that no Claim needs to be issued.
This time estimate is also on the basis that the other side pays promptly. If a formal Claim is required to be advanced then the matter will become governed by the timetable of the Court which varies depending on the Court which is local to yourself and that particular Court’s workflow at the relevant time. We will identify that debt recovery claims increase significantly as matters approach end of financial year and so we would advise that around that particular period matters may be slightly more protracted than if they are advanced earlier in the year. If enforcement action is required, the matter will take longer to resolve.
Our services are always available to our clients on a traditional hourly rate charging basis. The rates charged by the lawyer representing you will depend upon that lawyers’ level of experience.
All hourly rates are broken down into 6 minute units when time costing, and rounded up to the nearest unit. Any travel and waiting times, such as at Court, are charged at half the lawyer’s normal hourly rate. Please note fees will include additional mileage charges and disbursements as required.
We will ensure that an estimate of our fees is provided to you in clear terms at the earliest possible occasion.
We will normally ask for at least £1000.00 on account of costs at the beginning of any hourly rate funded case as well as the arrangement of a standing order for £500 plus VAT monthly. You will then be billed on a regular basis of no more than every 3 months. Any amount overpaid by you will be repaid at the end of your case and you will be expected to pay any additional sum owing within 28 days of receipt of your bill.
All balances owing must be cleared in advance of your attendance at any Court hearing. We will also need to have sufficient funds on account in advance of any Court hearing to meet our costs in representing you.
Do not hesitate to contact us for more information.
Note: In many cases you will have the option to choose between hourly rates or our below fixed fee structure, however we retain the right to refuse to accept your case on fixed fees for more complicated cases. Where the amount of work expended during the fixed fee instruction has become unreasonable and exceeded two and a half times the individual fixed fee, the fee earner can decide whether the fixed fee can be escaped before the conclusion of the fixed fee work. If the escape is triggered then the fee earner will discuss with the client the costs to be applied for the remainder of the work between the date of the escape being triggered and the commencement of the next fixed fee. No decision to change your billing plan will be made without discussion with you beforehand.
Fixed Fee services are always available in respect of an undefended Divorce, whether as Petitioner or Respondent. This service includes meeting and advising you on the procedure for Divorce, the preparation and handling of all documentation and corresponding with the other party and the Court.
Disbursements for Petitioner’s are typically £550.00 for the Court Issue and Decree Absolute fees.
Respondents must be aware they could face a claim for costs by the other party, which is not covered within these fees.
Note: This level covers Divorce only and any advice on children’s or financial matters will need to be managed under an alternative service. Should a Divorce become defended then fees will automatically revert to our hourly charging rates.