Nagler Simmons has been handling probate for clients since 2016, and we were one of the first accountants to be accredited to provide this service – the application to the probate registry for a grant of representation.
For existing clients or their deceased, another advantage is that we often have a record and understand their financial and tax position right from the start. Similarly, there are usually tax liabilities to be calculated (income and capital gains tax), work we are well-placed to handle without fuss.
Services and Key Stages
- Establishing the value of assets and liabilities in the estate
- Inserting statutory notices in newspapers
- Checking all necessary paperwork, such as the death certificate
- Calculation of any inheritance tax due and preparing the relevant tax return
- Appling for grant of probate
- Providing advice on the use of trusts for tax and succession planning
Our fees for dealing with probate for a deceased person’s estate depend on the complexity of each individual’s affairs. This can vary greatly.
To give you an idea, our fees for assisting with probate are as follows:
- Basic: £3,000 to £4,500 + VAT
- Very simple: £2,000 to £3,000 + VAT
- Complex: £4,500 to £10,000 + VAT
- Very complex: in excess of £10,000 + VAT
Our probate team members’ hourly rates are as follows:
- Probate Partner: £350 + VAT
- Probate Director: £175 + VAT
- Tax Assistant: £75 – £100 + VAT
Nagler Simmons is licensed for the reserved legal activity of non-contentious probate. Details of our probate accreditation can be viewed at www.icaew.com/probate under reference number C003671938.
Probate Compensation Scheme
You will find details of our complaints procedure included in our client engagement letter.
If you would like to talk to us about how we can improve our service to you, or if you are unhappy with the service, please let us know by contacting Paul Simmons or Robert Harris. Any complaint about our probate services will be carefully considered as soon as we receive it. Every effort will be made to resolve the issue. You will receive acknowledgment of your complaint within five business days of its receipt and can expect us to deal with it within eight weeks. Any complaint should be submitted to us in writing.
If we do not deal with it in a timely manner or you are not satisfied with our response, you may take up the matter with our professional body, the Institute of Chartered Accountants in England and Wales https://www.icaew.com/regulation/complaints-process and the Legal Ombudsman.
Legal Ombudsman Contact Details
Letter: Legal Ombudsman, PO Box 6806, Wolverhampton WV1 9WJ
Telephone: 0300 555 033
For further information about our probate service please email Robert Harris, Partner.