Pricing Transparency - Penn Chambers - Wills & Probate

This page gives you the full details of the pricing methodology for Penn Chambers Solicitors Wills & Probate Team.

 

If you require any further information please do not hesitate to contact us.

Penn Chambers Limited

Trading Name: Penn Chambers Solicitors - Wills and Probate Team

We use three methods to charge for the work that we do:

 

1. For most will type matters we use a fixed fee regime; and

 

2. Most probate type matters we use a percentage fee regime; and

 

3. More complex matters or matters that we cannot clearly identify that extent of the work that may need to be undertaken we charge on a an hourly fee basis.

 

The figures below do NOT include VAT which will need to be factored into the fees where applicable.

 

Time spent on your case will include meetings with you and others on your behalf; time spent travelling; considering and preparing papers or documents; considering correspondence (including emails, SMS and WhatsApp messages) and making and receiving telephone calls, SMS and WhatsApp messages from you or anyone else related to your case.

 

We will review our rates annually around April each year and notify you in writing if we increase our rates in April/may which will take effect by 01 June of each year.

 

Bills must be settled within 14 days.

 

Other Expenses

 

In addition to our fees, we charge a fee of £15 plus VAT to undertake a money laundering search. This may leave a footprint on your credit file. This is to enable us to pay for an electronic search of various Registers on your behalf to ascertain your identity. The obligation to obtain this information is imposed upon us by law. Although there are various ways to obtain this information, some cheaper, some more expensive, we have found this to be the least intrusive and cost-effective method of obtaining all the information from one source. This is the cost that we pay to a third party for using their system.

 

If we are required to make urgent payments on your behalf such as a telegraphic transfer fee, more correctly described as a CHAP's payment then we will charge you £35.00 plus VAT for sending the CHAP's payment which covers some administration charges and some actual charges imposed by our bank.

 

In addition to our fees, it is likely that disbursements will be payable. Disbursements are costs related to your matter that are payable to third parties, such as Court fees. By way of example only:

 

1. The fee to issue an application - this cannot be determined at this stage as it is usually based on the cost of the claim.

 

​​2. Barristers fees - these cannot be determined at this stage as it is usually based on the number of days for example a court hearing may take, the volume of papers, the complexity and the seniority of counsel.

3. Fees for lodging an LPA with the Office for the Public Guardian is usually £82 per application.

 

FIXED FEE MATTERS:

Typically our fixed fees regime will apply to Wills, LPA's, Change of Name Deeds and Severance of Joint Tenancies and some more straightforward probate matters:

Wills

a) Will - With No Tax Planning

Our fees for a straightforward Will with no tax planning advice with limited assets will be in the region of £700. On top of this you will need to add VAT and payments to third parties (known as disbursements) above mentioned of £15.

 

b) Will - With Some Tax Planning

 Our fees for a complicated Will, with trust provisions and and some tax saving strategies with complicating features will be in the region of £2,500. On top of this you will need to add VAT and payments to third parties (known as disbursements) above mentioned of £15. It is unlikely that you will have any other disbursements.

 

c) Will - With Advanced Tax And Financial Planning

Our fees for a significantly complicated Will, with detailed trust provisions, significant tax saving strategies (from third parties) and financial advice (from third parties) with complicating features will be in the region of £5,000. On top of this you will need to add VAT and payments to third parties (known as disbursements) above mentioned in the region of £5,000. 

 

d) LPA's 

Our fees for a straightforward LPA without detailed scoping advice with limited complicating issues or procedures will be in the region of £750. On top of this you will need to add VAT and payments to third parties (known as disbursements) above mentioned of £15. The current cost of the registration fee payable to the Office of the Public Guardian is £82 per application. It is unlikely that you will have any other disbursements.

More complex LPA's are charged typically on an hourly basis (see below for more information).

e) Change of Name Deed

Our fees for a straightforward change of name deed will be in the region of £150. It is unlikely that you will have any other disbursements but will need to add VAT to this figure.

 

f) Severance of Joint Tenancy

Our fees for a straightforward severance of joint tenancy for each property being severed will be in the region of £250. It is unlikely that you will have any other disbursements but will need to add VAT to this figure.

Increasing Your Fixed Fee

 

Fixed fee means that we will agree to conduct our work for a flat fee on the basis that we assume your case can be prepared in a reasonable time with a reasonable amount of legal input. We assume that there will not be any undue delays caused by a change in your instructions or providing the documents or information that we have requested from you. If the scope (what you have asked us to do) of the work changes or the assumptions upon which our fee is based change (for example the work becomes far more complex than you or we envisaged), this fixed fee will no longer apply.

 

In that case we will discuss increasing the fixed fee with you and refer you to the additional information below.

 

The assumptions that we make are that you will provide us with the information that we request from you or return documents in a swift and timely manner. If you fail to do so or your matter becomes more complex than initially envisaged, we reserve the right to either:

 

a) continue to work on your matter under the terms of the original fixed fee; or

 

b) provide you with a new fixed fee if we believe that your present limit has become unrealistic because additional and unforeseen work may have become necessary in your case and the fixed fee should no longer apply.

 

We will of course discuss any increases in the fixed fees with you before we carry out any further work on your behalf.

PERCENTAGE FEE MATTERS

 

Typically we will charge a percentage fee for more straightforward Probate matters. 

Our fees for a straightforward Probate will typically be approximately 1% of the value of the whole estate. The most complicated matters will tend to be approximately 2% of the value of the whole estate and more complex matters will be approximately 3% of the the value of the whole estate.

More complex Probates are charged typically on an hourly basis (see below)

See below for more information on the key stages of a Probate matter.

Increasing Your Percentage Fee

 

Percentage fee means that we will agree to conduct our work for a flat fee on the basis that we assume your case can be prepared in a reasonable time with a reasonable amount of legal input. We assume that there will not be any undue delays caused by a change in your instructions or providing the documents or information that we have requested from you. If the scope (what you have asked us to do) of the work changes or the assumptions upon which our percentage fee is based change (for example the work becomes far more complex than you or we envisaged), this percentage fee will no longer apply.

 

In that case we will discuss increasing the percentage fee with you and refer you to the additional information below.

 

The assumptions that we make are that you will provide us with the information that we request from you or return documents in a swift and timely manner. If you fail to do so or your matter becomes more complex than initially envisaged, we reserve the right to either:

 

a) continue to work on your matter under the terms of the original percentage fee; or

 

b) provide you with a new percentage fee if we believe that your present limit has become unrealistic because additional and unforeseen work may have become necessary in your case and the percentage fee should no longer apply; or

c) charge you for all the matter (with your agreement) or the future aspect of the matter on an hourly fee basis (see below)

 

We will of course discuss any increases in the percentage fees with you before we carry out any further work on your behalf.  

HOURLY CHARGE MATTERS:

Typically non complex Probate matters and non complex LPA's will be charged on a fixed fee basis (please see above) but some more complex or unusual Probate or LPA matters will be charged on an hourly basis depending on various matters including the complexity of the matter.

In such cases it is simply impossible to estimate the number of hours of work to undertake and how long it will take for your matter to complete as this completely depends on the circumstances in your case, whether your application(s) are contested, whether your case has any complicating features and how long it takes any third parties involved, such as the Courts when listing your case.

 

Charging Methodology

We charge on an hourly basis on top of which we add VAT at the prevailing rate. An hour is divided up into "units" of 6 minutes. Each hour therefore has ten units. The charges relate to the lead Solicitor with conduct irrespective of the actual person who undertakes the work, as the lead Solicitor is the person with day to day responsibility for your case and will oversee the work of others who may undertake work on your file on their behalf.

Each letter, e-mail, fax or telephone call made or received, SMS or WhatsApp message etc is charged as one unit (that is 10% or 1/10th) of the hourly fee charged by the lead person. Long letters, emails, faxes and telephone calls made or received, SMS or WhatsApp message etc are timed and charged in units of six minutes. All other work is charged for the time taken in the preparation of the same.

 

Key Stages LPA:

a) take your instructions on the scope of the LPA and discuss this with you in detail; then

 

b) notify people you want us to notify of the LPA to afford you greater protections if you wish; then

 

c) register the same with the Office of the Public Guardian.

Key Stages Probate:

 

a) take your instructions as to the nature and extent of the deceased's estate and consider if there are any parts of the estate that need further investigation; and

 

b) write to all concerned relating to the assets within the estate notifying them of the death of the deceased; 

 

c) identify all the assets that fall within the estate;

 

d) prepare your Inheritance Act tax forms and notify you of the tax payable (if any) ; and

 

e) once the tax has been paid to then apply for Grant of Probate; and

 

f) then once the Grant of Probate has been granted, to then call in all the assets of the deceased's estate, discharge any debts that are properly payable and account for the same in Estate Account Summary; and 

 

g) once that is approved by the executor(s) then distribute the same accordingly and finalise the accounts in the Final Estate Accounts, for final sign off by us and by the Executor(s). 

Forecast Of Costs In A Typical LPA Matter:

a) A straightforward LPA is likely to be charged on a fixed fee basis but that said, our fees for a straightforward LPA without detailed scoping advice with limited complicating issues or procedures will be in the region of £750. On top of this you will need to add VAT and payments to third parties (known as disbursements) above mentioned of £15. The current cost of the registration fee payable to the Office of the Public Guardian is £82 per application. It is unlikely that you will have any other disbursements.

b) Our fees for a more complex LPA with detailed scoping advice with more complex financial issues will be in the region of £1,500. On top of this you will need to add VAT and payments to third parties (known as disbursements)above mentioned of £15. The current cost of the registration fee payable to the Office of the Public Guardian is £82 per application.

c) Our fees for a very complex LPA with substantial and detailed scoping advice with significant complex financial issues will be in the region of £3,000. On top of this you will need to add VAT and payments to third parties (known as disbursements)above mentioned of £15. 

The current cost of the registration fee payable to the Office of the Public Guardian is £82 per application.

Forecast Of Costs In A Typical Probate Matter:

a) A straightforward Probate matter is likely to be charged at a percentage fee basis but that said, if it was charged at an hourly rate and had no additional complicating features with limited assets and limited beneficiaries will be in the region of £3,000. On top of this you will need to add VAT and payments to third parties known as disbursements in the sum of approximately £500.

 

b) Our fees for a probate with more complicating features with more significant assets and a number of beneficiaries  will be in the region of £10,000. On top of this you will need to add VAT and payments to third parties known as disbursements in the sum of say £3,000.

 

c) Our fees for a probate with significant complicating features with substantial and significant assets and a number of beneficiaries  will be in the region of £20,000. On top of this you will need to add VAT and payments to third parties known as disbursements in the sum of say £5,000. 

Exceeding Your Limit

 

We will provide you with a new limit if and when we believe that your present limit has become unrealistic because additional and unforeseen work may become necessary in your case. 

 

We will of course discuss any increases in fees with you before we carry out any further work on your behalf. 

How Do We Keep This Information Up To Date?

Penn Group will occasionally make changes and corrections to the above. If we believe that the changes are material, we’ll let you know by doing one (or more) of the following:

(1) posting the changes on our website site, or

(2) sending an email to you informing you about the changes; or

(3) writing a letter to you informing you about the changes. 

Penn Group

12.09.19

Version 2.2

Recent Posts
Please reload

Penn Group (Holdings) Limited. Regiestered in England and Wales: 06242712. A list of directors is available for inspection at the registered offices at 13 Austin Friars London EC2N 2HE. 

(c) Penn Group 2019

Each company within Penn Group is a limited company, a separate business entity and regulated by a different regulatory body; full details of which can be found here.