The level of service and support you require from Lentells can be agreed at the outset. This is flexible and you can choose to pass the entire process to Lentells or we can assist in those areas you need most help.
We think it is fairer to charge based on the time spent taking into account the complexity involved rather than just charging a fixed percentage of the estate value. No two estates are alike and the value and complexity of the estate needs to be assessed before a fee estimate can be provided. If foreign assets are involved, then the time and costs will be higher.
We will agree a cap on our fee, although in most cases the actual fee will be less than the cap. In setting a cap fee, we also have to set a minimum fee which is £1,000. Our fees do not include any third party costs that arise such as a professional valuation or legal fees. All fees are subject to VAT.
There are many ways that you might benefit from our Probate service, including:
- Instructing Lentells Estates and Probate Services to deal with the administration of your estate is the logical conclusion to all the life-time planning carried out on your behalf. In many cases, you have already benefited from a close working relationship with us where you have received advice on succession planning, Will planning, Inheritance Tax mitigation and how to pass on your wealth in a tax efficient manner.
- Having handled your financial affairs over a number of years, you, and often other family members, have established a relationship with us based on genuine understanding and trust. You can now be sure that your trusted professional can provide a sympathetic and cost effective service during a time of bereavement and the stress that this inevitably produces.
- So much of the vital information that is required in obtaining Probate and dealing with the administration of an estate is already available to us if you are an existing client. This saves considerable time in drawing up and valuing the assets and liabilities as at the date of death and this in-depth knowledge and understanding of your financial affairs is of considerable help to those nearest and dearest to you.
- More of your estate can pass to your family and other beneficiaries because we understand the background and do not need to spend time and money getting up to speed. Our charging structure is simple and straightforward with no hidden extras. We charge on a time basis taking into account the complexity of the work required and because we understand that you will want to know the extent of the costs, we can agree a cap with you.
- Even when you do have close friends or family members who are willing and able to act as your executors they often have no experience of acting in that capacity. Others have found that it is a great help to have someone involved who is both a professional and independent from family, especially if there are trusts created by the Will. The only time that we would not be able to act would be in cases where the Will is contested.