Some of the circumstances where additional costs will be incurred:-
If the estate is subject to Inheritance Tax, or reliefs and/or exemptions are required to be claimed in order to mitigate any inheritance tax liability.
If the Will includes multiple beneficiaries, beneficiaries based overseas or beneficiaries that are difficult/unable to be located.
If the estate includes multiple assets, shareholdings, and/or a large share portfolio, more than one property, agricultural property (land or assets), business property (land or assets), trust interests, non-residential property, foreign property and or savings or there have been large gifts made in the seven years before death.
If there are issues with the Will i.e. the Will appoints Executors who are deceased, the Will is unclear as to its terms, there is a partial intestacy (the residue is left to someone who has died and no provision has been made for a substitute beneficiary)
We can give you a more accurate quote once we have seen a copy of the Will and have more information regarding the details of the assets and liabilities held in the estate.
Where there are properties in the estate, the sale or transfer of any property in the estate is not included in our fee. A separate quote can be provided from our Property Department which we will obtain for you
Where a Will contains Trust provisions whereby a Trust is required to be set up and registered with HMRC the cost of this will be in addition to our fee and a more accurate quote can be given in these circumstances.
Where there is no Will
Where someone dies without a valid Will the administration of the estate can be more complex, particularly if beneficiaries need to be traced and these include extended family. Again, we can give you a more accurate quote once we have more information regarding the details of the deceased, any known family and the assets and liabilities in the estate.