Call The Garfitt Law Partnership LLP based in Yorkshire for knowledgeable and practical legal advice.
Prices
We want you to know the costs associated with our advice and the work we do for you and to be satisfied that our charges provide excellent value for money.
Details of our charges are set out below; you will see that for some work we charge fixed fees whilst other work is charged for at hourly rates based on time spent.
When you instruct us, we will advise if the fixed fees referred to below apply to your instructions and we will advise you of the applicable hourly rates for work not covered by fixed fees. Our hourly rates vary according to the complexity of the matter and the work being carried out, and will be from £200 per hour plus VAT to £275 per hour plus VAT.
In all cases, we will be able to provide you with an estimate of the overall cost of the work or advice and we will confirm this in writing.
All our charged time is recorded accurately and fairly so we are always able to keep you updated on the level of legal costs being incurred. To be fair to you, we will only record our time when work is undertaken if it is reasonable and justified.
Wills
We charge for most Wills on a fixed fee basis and details of our fixed fees are set out below.
Straightforward Will (no trusts and no more than five beneficiaries) for one person |
£600 plus VAT |
Straightforward Mirror Wills (no trusts and no more than five beneficiaries) for a couple | £900 plus VAT |
Mirror Wills for a couple containing a life interest trust including any associated property work | £1,200 plus VAT |
Will for one person containing a trust with no business assets | £1,000 plus VAT |
Mirror Wills for a couple containing other trusts with no business assets | £1,400 plus VAT |
Will for one person containing a trust with business assets | £1,400 plus VAT |
Mirror Wills for a couple containing trusts with business assets | £1,500 plus VAT |
We will advise you if your requirements do not fall into the fixed fees above and either agree a fixed fee with you in relation to your specific matter or charge in accordance with our hourly rates.
Our fixed fees include standard inheritance tax advice in relation to a Will but, if more specific advice or specific work or detailed tax calculations are required, this will be charged for separately based on our hourly rates.
Inheritance Tax Planning
Our costs for inheritance tax and succession planning advice are based on hourly rates and we will always provide an estimate of costs for our initial advice and further estimates for any work arising from that advice.
Lasting Powers of Attorney
We charge fixed fees for Lasting Powers of Attorney (LPA(s)) which include making the application to the Office of the Public Guardian (OPG) for registration at that time. However, there is a separate fee payable to the OPG of £82 for each LPA registered.
Our fixed fees are:
One Lasting Power of Attorney, whether Property and Financial or Health and Welfare for an individual | £650 plus VAT |
Property and Financial and Health and a Welfare Lasting Powers of Attorney for an individual | £900 plus VAT |
For a couple each making one Lasting Power of Attorney, whether Property and Financial or Health and Welfare | £1,000 plus VAT |
For a couple each making Property and Financial and Health and Welfare Lasting Powers of Attorney | £1,300 plus VAT |
Grants of Probate and Administration of Estates
Grant Only
We charge fixed fees if you instruct us to obtain the grant of probate and complete the inheritance tax account and you deal with the administration of the estate yourself.
Our fees will include meeting with you and providing initial advice, considering the date of death values of assets and liabilities provided by you, the preparation of the probate and inheritance tax papers, submitting the inheritance tax account to HMRC and lodging the probate application at the Probate Registry.
Our work will not include obtaining the date of death value of assets; dealing with any enquiries raised by HMRC regarding the inheritance tax account; finalising the deceased income tax to the date of death; time spent in dealing with disputes between executors or beneficiaries or if a caveat is in force preventing the issue of the grant of probate; collecting assets; dealing with the distribution of funds; deeds of variation; the sale or transfer of property and the preparation of estate accounts.
Our fixed fees are:
If no inheritance tax account is required | £900 plus VAT |
If a claim for the transferable nil rate band or residence nil rate band is required | £1,250 plus VAT |
If a full inheritance tax account (IHT400) is required but no inheritance tax is payable and there are no business or agricultural property reliefs to claim | £1,500 plus VAT |
If a full inheritance tax account (IHT400) is required and inheritance tax is payable but there are no business or agricultural property reliefs to claim | £3,000 plus VAT |
If an estate includes claims for business or agricultural property relief, we will either agree a fixed fee or provide an estimate of our charges based on our hourly rates.
In addition to our fees, you can expect to pay Probate Court fees of £273.00 for the Grant and £1.00 for each office copy required.
We would expect to have the paperwork prepared and ready for signature by the personal representatives within four to six weeks of being instructed. From signature of papers, the Grant of Probate will normally be issued by the Probate Registry within two to three months. However, there have been delays with the Probate Registries issuing Grants.
Full Administration of Estates
We charge for dealing with the full administration of an estate based on hourly rates, but we can charge on a fixed fee basis if you prefer.
Hourly Rates
If we charge based on hourly rates, we will advise of the applicable hourly rates at the
start of the matter; we will provide an estimate of our charges based on those hourly rates; we will keep you updated on the level of legal costs and provide updated estimates if more time is involved than originally estimated. As an initial guide we normally find that, except for low values estates, legal costs for the administration of an estate fall between 1% and 3% of the gross value of the estate for inheritance tax.
Fixed Fees
If you prefer a fixed fee, this will be agreed with you at the commencement of the matter.
Our fixed fees will include meeting with you and providing initial advice; obtaining date of death values of assets and liabilities; the preparation of the probate and inheritance tax papers; submitting the inheritance tax account to HMRC; lodging the probate application at the Probate Registry; dealing with any enquiries raised by HMRC regarding the inheritance tax account; collecting assets; dealing with payment of legacies and the distribution of funds and the preparation of estate accounts.
Our work will not include finalising the deceased income tax to the date of death; time spent in dealing with disputes between executors or beneficiaries or if a caveat is in force preventing the issue of the grant of probate; deeds of variation; the sale or transfer of property or dealing with and finalising household utility bills.
We would expect to have the paperwork prepared and ready for signature by the personal representatives within three months of being instructed and for the administration of a straightforward estate to be completed within six to nine months from the issue of the Grant of Probate.
Our fixed fees are based on the value of the gross estate for inheritance tax and examples are set out below:
Gross IHT Value of Estate | No Inheritance Tax Account | Inheritance Tax Account (IHT400) |
Not exceeding £250,000 | £2,500 plus VAT | £5,000 plus VAT |
Not exceeding £500,000 | £5,000 plus VAT | £7,500 plus VAT |
Not exceeding £750,000 | £7,500 plus VAT | £10,000 plus VAT |
Not exceeding £1,000,000 | £10,000 plus VAT | £12,500 plus VAT |
Not exceeding £1,500,000 | £12,500 plus VAT | £15,000 plus VAT |
Not exceeding £2,000,000 | £15,000 plus VAT | £20,000 plus VAT |
In addition you can expect to pay the following expenses:
- Probate Court fees £273.00 plus £1.00 for each office copy required.
- Bankruptcy search fees £2 plus VAT per payment per beneficiary (unless resident abroad where higher expenses will be involved)
- Trustee Act notices where required – to be advised but in the region of £350.00
- Land Registry fees where relevant based on property value.
Trusts
We charge fixed fees for the preparation of some trust documentation and these are as follows:
Lifetime Discretionary Trust for one person | £1,250 plus VAT |
Lifetime Discretionary Trusts for a couple | £1,750 plus VAT |
For each transfer or assignment of assets into a trust | £500 plus VAT |
Deeds of Appointment for appointment of life interests from a Discretionary Trust | £350 plus VAT |
All other trust work and documentation, including the administration of trusts, is charged for at our hourly rates.
Property
Residential conveyancing: purchases
Our charges will depend on the price you are paying for the property, whether the property is a leasehold or a freehold property and the complexity of your particular transaction.
Our charges will include the work required following completion of your purchase, including handling your payment of your Stamp Duty Land Tax (SDLT) and dealing with registration of your purchase at HM Land Registry.
The table to the right sets out the basic fee we will charge for a freehold residential purchase. The purchase price is only one factor we will take into account in determining the amount of our basic fee. We will take into account other factors that are likely to necessitate additional work, for example,
- you may be buying only part of the seller’s property which means we will need to draft a Transfer of Part
- you may be buying an investment property subject to a tenancy agreement which means we will have to review the tenancy agreement and raise additional enquiries
In addition to the basic fee, there may be factors which mean that we will charge an additional fee - see below.
All figures are exclusive of VAT. VAT will be charged at 20% and is payable on top of our fees and, as applicable, disbursements (unless stated to the contrary).
Purchase price | Our basic fee for a freehold purchase |
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Up to £300,000 | £1,500 plus VAT |
£300,000 to £500,000 | £1500 - £1,850 plus VAT |
£500,000 to £750,000 | £1,850 - £2,000 plus VAT |
£750,000 to £1,000,000 | £2,000 - £2,500 plus VAT |
£1,000,000 to £1,500,000 | £2,500 - £2,750 plus VAT |
Over £1,500,000 | We will discuss the fee with you |
Residential conveyancing: sales
Our charges will depend on the sale price of your property, whether the property is a leasehold or a freehold property and the complexity of your particular transaction.
The table to the right sets out the basic fee we will charge for a freehold residential sale. The sale price is only one factor we will consider in determining the amount of our basic fee. We will consider other factors that are likely to necessitate additional work, for example,
- you may be selling only part of your property which means we will need to draft a transfer of part
- you may be selling an investment property subject to a tenancy agreement which means we will have to deal with additional enquiries
In addition to the basic fee, there may be factors which mean that we will charge an additional fee - see below.
All figures are exclusive of VAT. VAT will be charged at 20% and is payable on top of our fees and, as applicable, disbursements (unless stated to the contrary).
Sale price | Our basic fee for a freehold sale |
---|---|
Up to £300,000 | £1,500 plus VAT |
£300,000 to £500,000 | £1,500 - £1,850 plus VAT |
£500,000 to £750,000 | £1,850- £2,000 plus VAT |
£750,000 to £1,000,000 | £2,000- £2,500 plus VAT |
£1,000,000 to £1,500,000 | £2,500 - £2,750 plus VAT |
Over £1,500,000 | We will discuss the fee with you |
Other transactions and property advice
Our charges for property transactions other than residential sales and purchases, for example, commercial property sales and purchases, business leases, transfers of equity and deeds of easement, will be based on hourly rates. Our charges for providing property advice will also be based on hourly rates. In all cases, we will provide you with an estimate of our charges before you instruct us.
We do not act on re-mortgages.