What is the cost of administering an Estate?

The overall cost of administering an Estate can vary depending on the complexity of the estate and the nature of the will. If there are shares, property held abroad, taxation issues, trusts, a poorly drafted will or a dispute regarding the validity of the will these will all add to the costs of administration.

It can be difficult to give more than a rough estimate of their fees before commencing the administration and any estimate will be subject to revision. However we will issue Solicitors revised estimates as the administration of the Estate progresses.

Our average Solicitor fee for administering an Estate is in the region of 2% fee of the gross Estate.

VAT at 23% is also payable on our fees.

In addition to solicitor’s fees, there will be stamp duty payable to the Courts Service depending on the value of the Estate, Commissioner for Oath fees, Town Agents fees, Property Registration Authority fees if real property is involved and other outlays that must be incurred.

The quotation for professional fees will not include additional work that might arise because of the Deceased’s particular circumstances. Examples would include the following, but there could also be other additional work:

  • Sale of any house or other property. We can quote separately for this here.
  • Disputes among family members or others about the terms of the will.
  • Advices in relation to potential litigation against the Deceased’s estate.
  • Dealing with outstanding debts, including mortgage arrears or social welfare liabilities.
  • Taxation advice and/or services, including dealing with arrears.
  • Missing beneficiary who must be traced.
  • Litigation to interpret some wording in the will.
  • Missing share certificates.
  • Litigation against the Deceased’s estate.

We are here to help. Please do not hesitate to telephone us at 091 – 586760 or email us to discuss your claim.