coxyhog Posted January 8 Posted January 8 The accountant I have used in the past has quoted me around £3k to get me probate on my mothers will. I've been looking on the internet & you can do it yourself,especially if there's an executor in place & a sole beneficiary. I was wondering if any of our England & Wales members(it's apparently different in Scotland & N. Ireland) have ever done it?
Binlid Posted January 8 Posted January 8 1 hour ago, coxyhog said: The accountant I have used in the past has quoted me around £3k to get me probate on my mothers will. I've been looking on the internet & you can do it yourself,especially if there's an executor in place & a sole beneficiary. I was wondering if any of our England & Wales members(it's apparently different in Scotland & N. Ireland) have ever done it? Yes I did it when my mother passed away a couple of year ago Coxy, I found it was all pretty straight forward.If you get stuck on anything you can always ask Co-pilot. My mothers estate was below the 325000k ceiling for Inheritance tax so did not have that to worry about. 1 3 3
Butch Posted January 8 Posted January 8 1 hour ago, coxyhog said: The accountant I have used in the past has quoted me around £3k to get me probate on my mothers will. I've been looking on the internet & you can do it yourself,especially if there's an executor in place & a sole beneficiary. I was wondering if any of our England & Wales members(it's apparently different in Scotland & N. Ireland) have ever done it? It isn't too complicated and there's plenty of advice out there to help should you get stuck. Even Citizens Advice can help out, but if there's a will in place and it's simple, it is simply a matter of establishing estate value, submitting the forms and then sitting on your hands until it comes through. Expect around 8-12 Weeks at time of writing. As @Binlid says, the more simple the situation, the easier it is. My Dad's took 12 weeks, it wasn't simple by any means, so I had a brief do it and also execute the will, for an agreed rate of 1% of the estate value. A former BM on Thaigers was quoted £10k for probate for his inheritance, I put him in touch with a specialist who did it for £2k, and that was also for a fairly complicated estate, just under the combined spouse allowance and property IHT threshold of £1m. 2 2 3
bob lt Posted January 8 Posted January 8 3 hours ago, coxyhog said: The accountant I have used in the past has quoted me around £3k to get me probate on my mothers will. I've been looking on the internet & you can do it yourself,especially if there's an executor in place & a sole beneficiary. I was wondering if any of our England & Wales members(it's apparently different in Scotland & N. Ireland) have ever done it? England. I have done 3 now. Mother and father when it was a big paper version and stepmother recently with online application. Online was easy peasy. You can fill in a few questions, save the results and return later, pick up where you left off. Not a complicated estate, bank accounts, savings and house. Only took 4 weeks and 1 week was taken up by applying for death certificates for the other 2 executors who had already passed away. Successfully stated the case for zero inheritance tax on the estate valued at £480,000, accepted my explanation with double allowance (650k, deceased husband left total estate estate to wife) alternatively 325k + 175k as property left to direct descendants. This only took 24 hours from my explanation. I wasn't about to pay £5k for something I could do myself. 2 2 2
Lemondropkid Posted January 8 Posted January 8 Did it myself over 5 years ago when it was the paper version, not to bad. With it being online now should be much faster. At the time I was quoted around 2k by an agent recommended by the funeral director to gain probate. My Mum's estate was pretty straightforward, there's nothing difficult about it. Didn't enjoy the paperwork but pleased I did it myself. Realised that my Mum would have been furious at the prospect of handing over 2k for filling out a load of forms😀 So cracked on with it All the best. 1 5
coxyhog Posted January 9 Author Posted January 9 Cheers guys for the advice,I got a further quote today from Co-Op Legal & they wanted almost £7k. I'm going with my accountants,I'm 72yo & can't be arsed with the hassle,also there's a complication in that I have to claim some of my late father's IHT allowance so I'll bite the bullet & leave it to the pro's. 6
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