leg Wills & Probate Isle of Wight

Wills & Probate

When someone dies it is never easy to cope. Even though you may not feel up to dealing with their affairs, it is something that has to be done. At Walter Gray and Co we have an experienced team to help lift that burden, providing you with support at a difficult time.


We can also help with other matters relating to later life and Elder Client affairs.


Our services include:

Probate

What can we do for you in relation to Probate?

We can help with obtaining a grant of probate if there is a will. We will need all the information on the deceased persons' assets. The executor may have this information, but it may mean collecting this from family and friends. The information required is detailed and includes information on bank accounts, property, pensions, savings, shares and personal items such as cars, jewellery and house contents. We will assist in obtaining valuations of assets as at the date of death. This is what is required for the probate application.

The death certificate and will are needed at the outset if possible but we can clarify this for you and lead you through the steps to enable probate to be granted.

We will prepare all the paperwork for the executor to make the probate application. This will include HM Revenue and Customs forms and probate application forms which the executor is required to sign.

If the deceased died without leaving a will, we can assist in obtaining a grant of Letters of Administration. This is similar to probate. We will guide you on the requirements and advise you on who is legally entitled to make the application.

Wills & Probate Cowes

Wills & Probate Ryde

Where a Trust arises under a will (for example where a beneficiary has not reached the required age mentioned in the will) then we can help with setting it up along with the ongoing maintenance of the Trust. This may include investment of the legacy in the most appropriate fund making sure that the right benefits go to the right people.

As a guide, the typical timescale for administration of simple estates are as follows. Please note that if Inheritance Tax is payable, further time will be required in order to liaise with HM Revenue. We will be happy to discuss this with you:

1) Obtaining valuations and preparing probate applications - 1 to 2 months

2) Submitting paperwork to probate registry and receiving probate - 2 to 3 months

3) Collecting in the assets and paying legacies - 1 to 2 months

4) Making interim payments to residuary beneficiaries - 1 to 2 months

5) Preparing estate accounts and submitting to executors for approval 1 to 2 months

6) Making final payments to residuary beneficiaries - 1 to 2 months


Please note that when an estate contains a property which must be sold, these timescales are likely to be exceeded.


Wills

We provide an efficient and helpful wills service. We provide home visits to the elderly and disabled where circumstances allow. Our team are extremely experienced with elderly clients in the Isle of Wight. Writing a will ensures that your estate passes to the people you want to inherit. You must not assume that your partner will inherit simply because you live together. You cannot assume anything with Intestacy. Intestacy means that you do not have a valid will. We can clarify all of the confusing issues with you during a meeting at one of our offices.

Inheritance tax will be discussed, and we can provide straightforward guidelines for gifting assets during your lifetime. Your funeral wishes can be referred to in the will as can the names and addresses of your executors. These are the people who will carry out the wishes in your will.

We can also explain how a will can be challenged by your potential beneficiaries. For example, undue influence, incapacity and legislation.


Wills are generally provided on a fixed fee basis, however we often run charitable will promotions throughout the year which benefit various charities. We usually recommend that clients review their wills approximately every five years or if there is a major alteration to their family or financial circumstances.

Download our Will Questionnaire to help you think about the provisions you would like to make in your Will and to give you some idea of the kind of information we will require when drafting your Will

For more information or a quote please contact us





BASIS OF COSTS - WILLS & PROBATE

Law firms are currently now required to provide the following information on the basis of the costs involved in a typical private client transaction. Notwithstanding this, it is strongly recommended that you telephone to speak to a member of the firm’s Wills & Probate team to obtain a more detailed quote based upon your individual circumstances


The collection and distribution of money, property and other assets belonging to a person following their death, where these are within the UK and the matters are not contested;

  • We charge £3,000.00 to £4,000.00 plus VAT on average for this work
  • This estimate is just an average price based on recent instructions; the actual cost to you will depend on a number of factors which we will discuss with you if you decide to instruct us
  • The charge is based on our average hourly charging-rate of £203.00 per hour, which will vary depending upon the seniority / experience of the person acting in the matter
  • Our charge could incorporate a ‘Value Element’. Such fees start at 0.50% plus VAT of the estate value
  • There will be costs on top. These are fees and charges we will need to pay on your behalf as part of the process, such as Probate Registry fees, oath swearing fees, advertisements etc. They are likely to be approximately £327.00 including VAT, where relevant

Our people involved in doing the work will include:

Rosemary Hardwicke, Director / Solicitor, based at the firm’s Ryde Office

Amanda Pardey Senior Legal Assistant, based at the firm’s Ryde Office

Margaret Elcome, Paralegal, based across the firm’s Ryde and Cowes Office

Natalie Ashcroft, Legal Secretary (assistant to Rosemary Hardwicke), based at the firm’s Ryde Office


  • Our costs are based on the assumption that the estate is relatively simple, all based in the UK and that there are few, if any, assets that would complicate the process or lengthen our time estimates.
  • We understand the stress and emotion surrounding a recent bereavement. The work we will carry out will involve

    · Ascertain the legally appointed executors or administrators and beneficiaries.

    · Ascertaining the assets comprised in the estate (approximately 3-4 weeks thereafter)

    · Ascertaining and paying any interitance tax on the estate (approximately 2-3 weeks thereafter)

    · Applying for a Grant of Probate or letters of administration, including HMRC forms (approximately 2-3 weeks)

    · Collecting assets comprised in the estate (approximately 2-3 weeks thereafter)

    · Deciding upon and executing distributions of the estate in accordance with the will or intestacy rules (approximately one month thereafter)

  • Obviously, our fees do not include any external costs and charges that we may incur as part of the administration (eg. tax, penalties, repayable benefits, fees and charges). You will also be responsible for these items on behalf of the estate.

Complaints information

If you wish to complain about our service, please contact us immediately by telephone and speak to the Practice Manager or by emailing ryde@waltergray.co.uk.

We have a complaints handling procedure, which you can read here.

You can always send your complaints to the Legal Ombudsman. They can be contacted at www.legalombudsman.org.uk. Please read the conditions carefully.

If you are not satisfied with the outcome of these processes, you can take up the matter with the Solicitors Regulation Authority. They can be contacted at sra@complaints.org.uk.

Meet the Team



Rosemary Hardwicke

Director and Solicitor
We have a very experienced and friendly team working in our Wills and Probate Department. The Department is headed by Rosemary Hardwicke, a Solicitor with over 15 years post qualification experience. Rosemary is a qualified member of the Society of Trusts and Estates Practitioner and Solicitor for the Elderly.

Amanda Pardey

Senior Legal Assistant
Amanda Pardey has worked for our firm for nearly 35 years. She is well known and respected by our many long standing clients. Amanda deals with all aspect of wills, probate and lasting Powers of Attorney.

Margaret Elcome

Senior Legal Assistant
Margaret completed her paralegal training in 2013 and deals mainly with wills, lasting Powers of Attorney and general management files on behalf of Attorneys and Court of Protection deputies. She is a member of the Institute of Paralegals.

For more information or a no obligation quotation please contact us