At Maddison & Morgan Solicitors we understand that each client and their circumstances are different, and so we offer a range of costing and payment options to suit those circumstances.
To ensure that we are suited and can work together in the longer term we offer an initial free half-hour consultation to each potential client, this ensures we understand your needs and you get to meet us.
Your First Meeting
We offer every client a free initial half-hour meeting with us. This allows us to gather all the information we need about your issue and give you some advice. You can then choose whether you wish to instruct us to move forward with your case.
This initial appointment allows you to get to know us, and for us to advise you on how to move forward.
There is no obligation for you to instruct us, and you may find that your matter can be resolved without the need for extensive litigation.
After Your First Meeting
Our costs can be charged either on a 'time used' basis, like most lawyers, or for a fixed fee.
When the 'time used' approach is used, we charge for the time we spend working on your case based on an hourly rate. Our hourly rates range from £180 – £240 plus VAT.
Charging our work on a ‘time used’ basis means you pay for the amount of time we spend working for you and no more.
Fixed Fee Costs
We offer fixed fees for some services include Divorces and Wills. These fees can include the meetings, correspondence and negotiation. We also offer fixed-fee Court Hearings, if you need representation at Court.
These fixed fees can be split into manageable monthly payments if needed.
We do not and have never changed a percentage of the deceased’s Estate when dealing with probate and administration of Estates. Our fees are charged on an hourly rate and are set out below by way of example.
You will always be given a free quotation once we have full information on your requirement’s but our charges might look something like those set down below:
Applying for the grant, collecting and distributing the assets
We anticipate a small Estate will take between 3 to 6 hours work at £210.00 per hour plus VAT. Total costs estimated at £630.00 + VAT lower end of scale to £1,260.00 + VAT at the higher end.
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs are likely to be lower than the lower end quote above. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end and may even exceed the higher example fee quoted.
We will handle the full process for you. This quote is for examples of estates where:-
- There is a valid will
- There is no more than one property
- There are no more than 5 bank or building society accounts
- There are no other intangible assets
- There are 2-5 beneficiaries
- There are no disputes between beneficiaries on the division of assets. If disputes arise this is likely to lead to an increase in costs
- There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
- There are no claims made against the estate
Disbursements in addition to our estimated fees are:
- Probate application fee of £215.00
- £7.00 Swearing of the oath (per executor)
- Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
- £84.60 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
- Post in a Local Newspaper – will also help to protect against unexpected claims.
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.
Potential additional costs
- If there is no will or the estate consists of any shareholdings (stocks and bonds) there is 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.
- If any additional copies of the grant are required, they will cost 50p (1 per asset usually).
- Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
On average, estates that fall within this range are dealt with within 3-6 months. Typically, obtaining the grant of probate takes 2-5 weeks. Collecting assets then follows, which can take between 4-8 weeks. Once this has been done, we can distribute the assets, which normally takes 1-2 weeks.
We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.
If you need to break your bills into regular monthly amounts, we can talk to you about a payment plan. This allows you to pay a manageable amount per month while we continue to act on your behalf. This can be discussed at your initial meeting and the payment plan will be based on how much you can afford per month.
We provide our clients with a broken-down bill every month. Your bill will detail exactly how much we are charging for any work we have done on your file and ensure that you know what you are paying for. If you have any queries about your bill we can discuss it with you.