Completing the various forms required in the application for probate can be daunting, and you may want professional assistance.
INSTRUCTING A SOLICITOR
If you do wish to use a professional service we recommend that you use a SRA solicitor to undertake this work.
Whether you choose to instruct your own or ask NBS to recommend one, it is important to ensure that you are charged fairly for the service.
Sometimes it can be hard to find a price online (though changes have been made in regulation to make this easier), but there is a requirement for the Solicitor to provide a formal quotation for the work they will undertake.
Some solicitors will charge an hourly fee and a small percentage (1-2%) of the assets they are dealing with, and they will estimate how many hours they believe it will take in the quote you are provided.
VAT AND DISBURSEMENTS
It is important that you understand the solicitors bills so you do not get an unwanted surprise.
In general solicitors present their fees exclusive of VAT. This means you will need to pay the VAT at the current rate (20%) on top of the fee listed.
Solicitors talk about disbursements, and these are fees the solicitors must make to third parties to complete the work on your behalf. They will always tell you what the disbursements are for and they can only charge you the exact figure they have paid to the third party.
In the case of applying for the Grant of Representation there will be an application fee of £155 to pay plus £0.50 per copy of the grant.
There may be additional disbursements such as fees for transferring/selling shares, conveyancing fees and other costs associated with administering the estate. These will always be detailed in the quotation given to you when you instruct the solicitor.