Cost Transparency

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MLS COSTS MANIFESTO

We know that costs are not the most important consideration when choosing your solicitor, but they do play a big role…

1. We care about our clients.
We would hate for you to put off taking legal advice, obtaining vital legal documents or worse obtaining the same from an unqualified “advisor” just because you are worried about scary solicitors’ costs. We understand that many people often assume solicitors are unapproachable and expensive and we would like to dismantle this myth. For one, here at MLS we are all qualified, regulated and experienced solicitors who believe that obtaining legal basics such as Wills or Lasting Powers of Attorney shouldn’t be a luxury. What’s more we pride ourselves in providing a jargon free legal service often at fraction of a will drafter’s costs…
Why not give us a call and find out for yourself? We are happy to meet with you either in person or via zoom. We will talk through your matter in order to give you a clear idea of costs and timescale involved whilst also making sure that we are able to work together.

2. We shall provide you with costs information as soon as possible and BEFORE you commit to instruct us.
No unexpected bills are allowed at MLS! Costs and timescales will be outlined to you at an early stage and then repeated in writing in our Terms of Business Letter. You can then decide whether or not you wish to instruct us.

3. We love fixed fees!
Unlike most of the solicitors, we prefer to work on a fixed fee basis and aim to offer fixed fees in the majority of our cases. We were more than happy to welcome the Solicitors and the Price and Service Transparency Rules which state that solicitors (dealing with certain areas of the law) must publish information about the price of the services they offer. Although the type of work we currently carry out does not require us to comply with this requirement, we are strongly committed to cost transparency, nevertheless. Why not ask us about our charges today?

4. No fixed fee? No problem.
If, due to the nature of your case, we are not able to provide you with a set-in-stone fixed fee, we will aim at the very least to agree a clear price structure for the foreseeable work so you can budget and plan ahead with confidence.

Probate fees:

Here at My Local Solicitor, we pride ourselves in providing clear and transparent cost information from the outset. All matters are assigned to the most appropriate Solicitor to support you throughout your matter and ensure absolute cost effectiveness and efficiency.

Below is the summary and estimate of our charges which, when combined with our high-quality service, represents excellent value. Please note that this is only a guide and that solicitors’ costs in probate cases will vary depending on the complexity of the matter and whether or not there is a valid Will.

In order to make it easier for you to obtain an idea as to how much it could cost, we have prepared the following scenarios:

Simple Estate

  • 1 Property
  • 2 Bank Accounts
  • Valid Will
  • 4 Beneficiaries
  • Estate Value £145,000.00

Based on 8 hours of work fees = £1,600.00

Standard Estate

  • 1 Property
  • 4 Bank Accounts
  • Valid Will
  • 4 Beneficiaries
  • Estate Value £240,000.00

Based on 12 hours of work fees = £2,400.00

Complex Estate

  • 1 Property
  • 8 Bank Accounts / Financial Institution Accounts
  • No Will
  • Estate Value £730,000.00 (IHT 400 needed)

Based on 20 hours of work fees = £4,000.00

High Value Estates

  • 2+ Properties
  • 12 Bank Accounts / Financial Institution Accounts
  • Valid Will
  • 4 Beneficiaries
  • Estate Value 2.5 million (IHT 400 needed)

Based on 25 hours of work fees = £5,000.00

Every case is different, and complicating or time-consuming factors can arise at any time. Here at MLS you remain in the driving seat. If additional work is required, we will always provide you with an accurate estimate of charges for each element of additional work as soon as possible and before undertaking that work for you. The extra time involved will be charged on our standard hourly rate basis of £200 per hour for a Senior Consultant.

We would be more than happy to discuss our fees with you in further detail and in light of your particular scenario. Please contact us today on 01244 478 730 to find out more.