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1% charge to solicitor on estate

choppy-c
Posts: 49 Forumite
My father's estate been concluded - just had the solicitors account & he includes (on top of his hourly charges) a cost calculated pursuant to the value of the estate which is calculated at about 1% of total - then vat on top of everything. Is this standard ?
Thanks as ever
Thanks as ever
0
Comments
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My father's estate been concluded - just had the solicitors account & he includes (on top of his hourly charges) a cost calculated pursuant to the value of the estate which is calculated at about 1% of total - then vat on top of everything. Is this standard ?
Thanks as ever
Yes it's quite normal and valid. Not all solicitors do it so it's not 'standard' though0 -
However it should have been explained to you beforehand.0
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Quite normal, and less than many charge.0
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Ok thanks for your replies - what is it for or is it just a bonus fopr the solicitor !0
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Were they executors in the will or instructed?0
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Ok thanks for your replies - what is it for or is it just a bonus fopr the solicitor !
It is part of the normal way solicitors charge for dealing with estates .... an hourly rate, plus a percentage of the value. The charging structure should have been made clear to you when the solicitor was instructed.
A very good reason not to use a solicitor for estates if at all possible.0
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