Costs can vary significantly largely depending on the type of provider you use.
Probate and estate administration specialists are likely to be significantly cheaper than solicitors and accountants, who in turn will be significantly cheaper than banks.
Many firms now offer grant of probate only service as well as estate administration – and this is a very good way of keeping costs down.
Grant of probate only
Expect to pay from £500 - £2000 depending on the type of firm.
Grant of probate and estate administration
Some firms charge an hourly rate and some charge a fee that’s a percentage of the value of the estate, but if you shop around you may also find firms that offer a fixed-fee service (likely to be significantly cheaper).
For a guide to how much you could expect to pay for probate and estate administration, the following will give you an indication of the range in costs.
Expect to pay most with a bank, and least with a probate and estate administration specialist firm, with solicitors and accountants in the middle.
When a fee is calculated as a percentage it is usually between 1% and 5% of the estate's value, plus VAT and plus “disbursements”.
The table below is an example of how much you could end up paying for their service. This total doesn’t include court, application fees or disbursements, so the final bill will probably be higher.