At Claphams, we understand how emotional it can be for family and friends to deal with the administration process. We have been working across Clarkston, Newton Mearns, Giffnock, Netherlee and the surrounding areas in Glasgow for decades. We pride ourselves on our sensitive and diligent approach.
One of the key questions many clients have when it comes to winding up an Estate is how much this is likely to cost. Below we outline some of the typical costs associated with an Executry. It is important to note that every Estate is different, so if you do have any questions, do not hesitate to get in touch. We will work with you and your family to ensure cost-effective and efficient management of an Estate.
Court Fees and Confirmation
In Scotland, a grant of Confirmation is the document that gives the Executors legal title to deal with the deceased’s Estate. You obtain Confirmation by applying to the Court and there are fees involved. The fees for Confirmation will vary depending on the value of the Estate and the number of certificates of Confirmation that you require.
Where an estate is worth less than £50,000, no fee will be charged by the Court. Where the estate is worth less than £250,000, the fee will be £261. For any estate worth over £250,000, the fee will be £522. These fees are accurate for 2019 but may vary in the future.
A certificate of Confirmation is a document confirming that the Executor has the legal right to act. If the deceased has many bank accounts, or you are dealing with a variety of insurance companies and other interested parties, you may need several certificates of Confirmation, all of which cost money. It will cost £8 per certificate if you order the certificates when lodging the inventory. If after lodging the inventory you require further certificates, it will cost £19 for the first certificate and £8 for each subsequent certificate.
Legal Fees
If you are seeking legal advice, legal fees will need to be considered. At Claphams, we believe that it is crucial for the Executors of an Estate to seek high-quality legal advice. At the same time, we pride ourselves on our cost-effective legal advice. We believe in providing excellent legal advice at reasonable prices and will be transparent with you from the outset what the costs associated with winding up an Estate will be.
Winding up an Estate can be daunting. You will be confronted with legal terminology and jargon and may feel overwhelmed. It is also important to remember that, as an Executor, you are assuming significant responsibility for the administration of an Estate. This is why it is important that you have a lawyer you can trust to guide you through the process.
At Claphams, we pride ourselves on our ability to explain complex legal concepts free of jargon. We will help you every step of the way while being open and upfront about our costs. There will be no hidden charges, just a sense of security in knowing that we are taking responsibility for the effective administration of the Estate. Our dedicated, approachable team are on hand to guide you through this difficult time.
For more information on winding up an estate, see our FAQs here.
Contact our Executry Solicitors Clarkston, Newton Mearns, Giffnock, Netherlee, Eaglesham, Carmunnock, Stewarton & Southside Glasgow
If you’d like to discuss your situation or if you have any questions concerning our costs. Contact us today on 0141 620 0800 or fill out our online enquiry form if you require our assistance.
