Probate & Trusts

Legal services for probate and trusts in Preston

Probate

Dealing with death is never easy, and handling the legal issues concerning the estate can be overwhelming. At Worrall Solicitors, we have plenty of experience in all aspects of probate and can assist you with all legal matters related to probate in a sensitive and professional manner. We offer effective and impartial advice. Our services are available in Preston, Longton, and Penwortham. For legal assistance, please don't hesitate to call us today. 
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Trusts

A trust enables you to protect your wealth while allowing you to continue a legacy. We offer a complete range of trust services. We can guide you with several types of trusts and provide you with an effective solution to protect your money and funds. We're available across Tarleton and Bamber Bridge too.

Prices

Applying for the grant, collecting and distributing the assets

Grant of Probate only : £400 PLUS VAT (£480.00)

We anticipate this will take between 5 and 15 hours work at £190 per hour. Total costs are therefore estimated at between £950 plus VAT and £2,850 plus VAT. The exact costs 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:
• There is a valid will
• There is no more than one property
• There are no more than £300,000 in the bank or building society accounts
• There are no other intangible assets
• There are between 2 and 5 beneficiaries
• There are no disputes between beneficiaries on 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 (IHT 400)
• There are no claims made against the estate


Disbursements not included in this fee:
• Probate application fee, currently £156.50
• £5 Swearing of the oath and £2 per exhibit (per Executor)
• Bankruptcy-only Land Charges Department searches (£3 per Beneficiary)
• The cost of putting a post in The London Gazette – Protects against unexpected claims from unknown creditors.
• The cost of putting a post in a Local Newspaper – This also helps 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 but will charge for the cost of the above disbursements over and above our legal costs to ensure a smoother process.

Potential additional costs
• If there is no will or the estate consists of any share holdings (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 £1.50 (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 6 and 9 months. Typically, obtaining the grant of probate takes 12 weeks. Collecting assets then follows, which can take between 6 and 8 weeks. Once this has been done, we can distribute the assets, which normally takes 4 weeks.
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