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Service Charges - Estate Administration/Probate There is a lot to do when an estate needs to be administered. Argo believes in transparency of costs so we will not charge you hourly rates because you need to know what a job will costs. There are three options of how we can charge for estate administration. ​ ​ Option One – full administ ration If you wish us to complete the full administration this will include:- • Identifying the assets within the estate and obtaining date of death values • Identifying the liabilities within the estate and obtaining date of death values • Calculating the total value of the estate for Inheritance Tax purposes • Completing the required IHT 205 or IHT400 tax return • Paying Inheritance Tax liabilities • Completing the statement of truth for Probate Registry • Obtaining the Grant of Representation in the estate • Collecting in assets of the estate • Settling liabilities of the estate • Distributing the estate as per any will or intestacy rules ​ Here is what you can expect Argo to charge for the full administration of an estate:- Value of Estate Percentage fees Cost Up to £500,000 1.5% £7,500 plus VAT Next £500,000 1% £5,000 plus VAT Next £500,000 0.5% £2,500 plus VAT ​ ​ The following are examples as to how calculations are made for the full administration of a simple estate ​ ​ For example an estate worth £376,250 which includes Property valued at £300,000 Cash in bank accounts of £50,000 Shares portfolio of £26,250 Our costs will total £5,643.75 plus VAT based on 1.5% of the gross value of the estate ​ ​ ​ For example an estate worth £872,395 which includes Property valued at £450,000 Cash in bank accounts of £200,000 Share portfolio of £222,395 Our costs will total £11,223.95 plus VAT based on 1.5% of the gross value of the first £500,000 of the estate and 1% of the gross value of the remaining £372,395 ​ ​ ​ For example an estate worth £1,347,274 which includes Property valued at £650,000 National Savings products of £75,000 Cash in bank of £200,000 Share portfolio of £422,274 Our costs will total £12,960.32 plus VAT based on 1.5% of the gross value of the first £500,000 of the estate, 1% of the next £500,000 of the estate and 0.5% of the remaining £347,274 ​ ​ However, at Argo we tailor our services to our client’s needs. Some clients do not require a full administration service. Please look at option two and three to see how you can tailor make administration services to your requirements. What’s not included in a simple estate? There are estates which require more complex services. Some of these relate to giving advice on business assets, agricultural property, trusts, lifetime gifts and foreign property. These estates will require additional work which may increase the estate administration charges. If you have an estate which has one of the above then we will agree a fixed fee with you to investigate the asset, identify the information required for inclusion in the estate administration process and deal with the distribution of that asset. Our invoices will be raised at three points during the administration process:- 1. When papers are prepared to submit application for Grant of Representation - 50% of fixed costs 2. When the Grant of representation is issued - 25% of costs 3. At the end of the administration process - 25% of costs Invoices for third party costs, known as disbursements, will be raised and when they arise. A minimum charge of £2,500 plus VAT will be made for simple estate administration. Option Two – application for grant of representation only If you do not wish us to apply for the Grant of Representation because you feel you can identify the assets and liabilities within the estate and deal with the distribution you can ask us just to prepare the paperwork needed to apply for the Grant. Our fixed costs for this are:- ​ IHT 205 and statement of truth £750 plus VAT IHT400 and statement of truth £1500 plus VAT Application to claim transferable Nil Rate Band £300 plus VAT Application to claim Main Residence Allowance £300 plus VAT Application to claim transferable Main Residence Allowance £300 plus VAT Option three – hourly rates If you really do not like the idea of percentage fees we can charge on an hourly rate. Hourly rates are set according to the experience of our team. These are as follows:- ​ ​ Kelly Duke Director and Probate Accredited Fellow of the Institute of Legal Executives £300 plus VAT Other charges Disburs ements These are fees that are payable to third parties other than Argo for other services that may be provided. These could be:- Probate application fee £155 Additional copies of Probate £1.50 per copy Copy birth, marriage and death certificates price varies according to date Property Land Registry title check £3 Property and personal item valuation price varies according to valuer Unclaimed Asset Register search £25 to £150 plus VAT Debt advertisement (S27 Trustee Act Notices) £150 to £300 plus VAT Bankruptcy searches £3 Electronic identification searches £ 1 5 plus VAT (per name) Certainty will search variable Specialist unoccupied property insurance variable Postal redirection according to Post Office Indemnity for missing share certificates according to share registrars Land Registry transfer fees set by the Land Registry Photocopying charges £25 plus VAT Bank transfer charges according to bank ​ ​ What is not included in the above? There will be additional charges for the following which will be at a fixed rate agreed with you. The costs for the range of services are detailed below. Where a fixed fee has not been specified costs will be charge at hourly rates and we would anticipate that costs would fall between £300 pus VAT and £1,500 plus VAT, task dependent. • Registering the death £300 plus VAT • Arranging the funeral service £400 plus VAT • Locating the whereabouts of a missing will hourly rate • Locating documents to claim transferrable Inheritance Tax allowances see option 2 • Renunciation of executor £150 plus VAT • Locating missing or unknown beneficiaries hourly rates • Preparation of court statements hourly rates • Completion of family tree on intestacy hourly rates • Dealing with DWP benefit investigation hourly rates • Confirming certificated shareholdings and dealing with split of shares to beneficiaries hourly rates • Calculating and preparing split of assets to be assented to charitable beneficiaries £300 plus VAT • Sale of land or property (not completed by Argo) • Dealing with property outside England and Wales hourly rate • Dealing with incapacity issues for executors or beneficiaries hourly rate • Establishing trusts created by the terms of the will or intestacy trust charges • Closure of trusts created by the terms of the will or intestacy trust charges • Varying trusts created by the terms of the will or intestacy trust charges • Dealing with any challenges to the estate hourly rates • Dealing with income tax to death / during administration (no tax return) £150 plus VAT • Completion of estate tax return to date of death / during administration £500 plus VAT • Preparation of a tax deduction certificate £30 plus VAT • Resealing of grants in foreign jurisdictions hourly rates • Completion of assent for transfer of assets (not property) £150 plus VAT • Land Registry transfer for property ownership £300 plus VAT When Argo complete the full administration of an estate we will prepare a set of estate accounts for retention by the personal representatives. We make a fixed charge of £600 plus VAT for this service for a simple set of accounts. Complex accounts will be charged at a rate agreed with the executors. ​

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​Not all trusts have to be complicated but it is important to fully understand how they work and what is required to prevent mistakes and problems in the future. ​ We have many years of experience in creating, administering and supporting trustees with trust management. A trust can be set up in your lifetime or in your will. A trust is created when a person (“the settlor”) gives assets to other people (“the trustees”) to hold, not for their own benefit, but for the benefit of others (“the beneficiaries”). ​ What are the benefits of placing assets into a trust? minimising tax, either during your lifetime or as part of your will planning providing protection to inheritance for a vulnerable beneficiary protecting funds earmarked for a specific purpose such as a grandchild's education or assistance with a deposit for the purchase of a property safeguarding money obtained from an injury claim and helping to ensure that state benefits are not lost protecting assets from care fees ​ Contact us to arrange a FREE 15 minute consultation to find out how we can help you Book Here To find out in more detail about our service fees & charges click here Trusts

Tax planning is the process of arranging an individual's affairs to reduce tax liabilities. There are many reliefs and provisions available which can be legitimately used as a means for reducing tax liabilities. ​ • Save time and money with tax planning • Get the most out of your hard earned income • Planning for the future has never been easier than now ​ Contact us to arrange a FREE 15 minute consultation to find out how we can help you protect your legacy and loved ones. Book Here Tax Planning

We are more than just legal... Argo is different to other law firms Client questionnaire At Argo Life & Legacy, we take pride in always being there for our clients. We believe that everyone deserves access to quality legal advice and guidance when they need it most. This is why Argo has a range of support services alongside our legal services, which ensure you'll get personalised service and care from people who know the challenges you face! ​ Our Legal Services ​ Wills • Trusts • Lasting Powers of Attorney (LPAs) • Deputyships • Court of Protection • Care Planning • Tax Planning • Personal Affairs• Estate Planning • Estate Administration • Probate Specialists ​ We are a highly skilled company with experience in all things legal and how it applies to you and your family. We're here for total support throughout your life. You're more than just a number to us. ​ ​ Our Social & Wellbeing Services ​ Benefits Advice • Argo Lifeline • Funeral Plans • Argo Life Support ​ You and your family are valuable. We provide the tools and training on how to protect these most precious things. We know you want to make decisions for yourself, but it's important to think about what will happen if something goes wrong in the future. What if there isn't an appropriate person who can help you plan ahead so you're not left vulnerable by an illness or physical impairment? ​ Start your life planning today... The right place to start your life planning is with a question. Many people have some idea of what they need. Others can't decide on the best course of action until it's too late! What do you want? Argo has created easy-to-follow advice that will help anyone bring their plans together without wasting time or trying countless options at once (or worse yet - making mistakes). You deserve peace of mind to know these issues are covered. So stop worrying. Book yourself for a FREE 15 min session today ! Free downloadable guides Apply Here Our NEW Dementia Protection Plan Download here or book your FREE 15 minute review Book here The best way to care for your loved ones is with Argo Life & Legacy ​ ​FREE 15 minute consultation (phone or video) Appointments available evening and weekends Nationwide coverage We come to you. Home visits as standard (no extra charge) Hospital visits Time critical will service Save the stress of travel or finding us You'll be able to relax in your own home while we do all the work for you and your loved ones.

Service Charges - Estate Administration/Probate

Service Charges - Estate Administration/Probate ​ Argo believes in transparency of costs so we will not charge you hourly rates because you need to know what a job will cost. We also look to offer the service that would help you the most. There are many different issues which can arise during the administration of a trust so we wanted to let you know in advance what fees could arise. ​ Trust Registration HMRC impose rules and regulations upon trustees which need to be followed. At the beginning of administration, it is necessary to comply with the Trust Registration Service. This will involve notifying HMRC of the status of the trust, trustees and beneficiaries, the taxation position, and the compliance with money laundering regulations. It will also be necessary to complete a set of trustee minutes to set out how the trust is to be administered for the coming year. ​ Our charge for completing this service is £500 plus VAT Trust administration where assets do not generate reportable income or capital gains tax Trusts do not always generate income or capital gains tax which must be reported to HMRC. If your trust falls within this category then the annual administration will be straightforward. An annual update of the records retained on the Trust Registration Service will need to be undertaken and annual trustee minutes will need to be prepared. ​ If circumstances change and assets need to be actively administered then our charges will alter accordingly. ​ Our charge for completing this annual service will be between £300 and £500 plus VAT Trust administration where assets generate reportable income or capital gains tax If your trust generates income or capital gains from the assets held then it will be necessary to comprehensively administer the trust. This will involve liaising with asset holders, banks and building societies and accountants. It is the nature of assets within the trust that determine the level of administration required. A trust holding actively managed shares will need a greater level of administration than a trust holding a rental property. For this reason it is difficult for a fixed fee to be given without furth er details. ​ Daily annual administration is likely to cost somewhere between £1,000 and £1,500 plus VAT per annum. Completion of annual accounts If income is generated, capital gains are incurred, and distributions are made it will be necessary to complete annual accounts. These will be full and comprehensive and will provide an overview of all activities which have taken place during the year. ​ Costs for the completion of annual accounts will be between £500 and £1000 plus VAT per annum. Completion of annual tax return Where income is generated, and capital gains arise these will need to be reported to HMRC by the completion of an annual tax return. ​ Costs for the completion of an annual tax return will be £400 plus VAT per annum. Supplemental charges Often during the lifetime of a trust things happen that need to be recorded in writing. Here are a list of charges for other services that may be required:- ​ Land Registry transfer of freehold property into trust £300 plus VAT Deed to change a trustee £400 plus VAT Deed to take assets permanently out of trust £400 plus VAT Loan agreement £300 plus VAT Identification of trust assets £275 plus to £550 plus VAT Tax deduction certificate for distribution £20 plus VAT per beneficiary Bankruptcy search £3 plus VAT per beneficiary Electronic identification check £15 plus VAT (per name) Additional work re sale/purchase of property Hourly rates (conveyancing charges additional) Completion of ten year anniversary report £750 to £1,000 plus VAT H M Land Registry charges dependant on value of property Completion of holdover election £250 plus VAT Completion of annual minutes £200 plus VAT Closure of a trust There are times when a trust needs to be closed. This could require several the services listed above. ​

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