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Probate - how long?

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Comments

  • Hi, I see having a solicitor doesn’t seem to hasten the procedure?
    can anyone who has used a solicitor to do IHT and probate, what the cost is please?
  • jarv81178
    jarv81178 Posts: 108 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Hi, I see having a solicitor doesn’t seem to hasten the procedure?
    can anyone who has used a solicitor to do IHT and probate, what the cost is please?
    Coop Legal services are charging me around £7000  other solicitors usually base it off a percentage of the estate I think?!
  • thewad
    thewad Posts: 338 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Wife's friend did her mothers probate through a solicitor.....think it was £400...definitely not 4 figures.
    If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:
  • Thanks for replies.
    much appreciated
    £400 seems very low!
    not worth anyone doing it themselves for that price.
    the forms are rather intimidating, to say the least !
    £7000 is not too extreme.
    what’s included in the fee ?
    I was on the understanding that most charge as a percentage of the estate, 4-5% ?
    on my estate, circa £1m, that equates to £40 to £50k, quite a chunk, but don’t know what they do for that ?
    solicitors are only as good as the info they are given by family, etc.??
    I really have no idea, it’s just in case my kids, are not up to the job with IHT and probate.?

  • badmemory
    badmemory Posts: 9,067 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Solicitors want to wait at least 6 months to make sure no debtors come out of the woodwork even though you may have had POA for years & know it is impossible.  If it is straight forward & the executor is the main beneficiary it is irrelevant anyway so DIY.  Just don't spend it all at once just in case.
  • I was quoted nearly £9k by Co-op legal services.  Considering the estate is small and under the inheritance tax threshold, I thought that was outrageous.  I have submitted the application myself.  Now waiting......
  • Thanks again guys, very much appreciated.badmemory said:
    Solicitors want to wait at least 6 months to make sure no debtors come out of the woodwork even though you may have had POA for years & know it is impossible.  If it is straight forward & the executor is the main beneficiary it is irrelevant anyway so DIY.  Just don't spend it all at once just in case.
    Twice I have rung my solicitor, who did the wills and are stored with to get thier scale of charges.
    answer machine, left two messages, never rang back.
    usual thing I have incurred when dealing with them over the years !
    the two kids are executors and beneficiaries, they should be able to cope between them, that’s why I am doing as much as I can whilst I’m still here.
    👍
  • Grizebeck
    Grizebeck Posts: 3,968 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    I was quoted nearly £9k by Co-op legal services.  Considering the estate is small and under the inheritance tax threshold, I thought that was outrageous.  I have submitted the application myself.  Now waiting......
    I did my dad's myself with no issue
  • Grizebeck
    Grizebeck Posts: 3,968 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    edited 6 October 2023 at 7:08PM
    How do co op legal services justify their prices
  • Grizebeck said:
    How do co op legal services justify their prices

    They state that they are lower than a solicitor's prices, as a solicitor will often charge a percentage of the estate.  I guess it depends on how big the estate is?!
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