Costs of settling an estate 10 October 2022 at 3:05PM in Deaths, funerals & probate 3 replies 252 views

Confused1972

Family member left solicitors as executor and trustees of their estate, What sort of costs should the estate have been looking at for a simple estate, (1 house that was transferred to the beneficiary’s, partial share in another house transferred to the beneficiary and cash of less than £40k).  Also how long should this process have taken, probate was granted 6 months after death, but the settlement took nearly 3 years in total.

Keep_pedalling

With the property being transferred it should not have taken more than a year, what caused the long delay. 

As for how much it cost, how long is a piece of string?

Confused1972

The solicitors caused the long delay.. and the costs were about £20k

Keep_pedalling

Confused1972 said:

The solicitors caused the long delay.. and the costs were about £20k

£20k is not unusual for an estate involving a couple of properties, unless we are talking about a couple of cheap properties in a run down part of the UK. I think that is about the costs that a Scottish solicitor charged on my wife’s uncle’s estate. That also took 3 years to complete although they did transfer his house quite quickly to the person who inherited that and as the residual beneficiary my wife got paid in batches of interim payments over that time.