Law Offices of
Logo - An infinity loop sits behind the wording Suzanne M Reisman

SRA PRICE TRANSPARENCY

 

The Solicitor’s Regulation Authority requires solicitors to provide costs information with regard to certain services.

The SRA’s price transparency rules can be found here.

I do not work in any of the areas subject to the price transparency rules other than probate and estate administration.

I work with international families, professional advisors, financial institutions, and charities to administer estates, typically involving U.S. assets, decedents or beneficiaries. These matters may involve complex domicile issues, treaty claims, and negotiations with the U.S. Internal Revenue Service as well as HMRC or other tax authorities or charities regulators.

It is generally difficult to estimate the costs associated with these matters. Factors that influence the cost include, but are not limited to, the nature of the assets, the testator’s domicile position; the terms of any trusts, foundations or other vehicles created prior to death; whether the Will includes charitable bequests, the number of jurisdictions in which probate will be required, the need for post-mortem planning; whether it is necessary to file a U.S. estate tax return or to obtain a “transfer certificate” relating to U.S. securities owned by the decedent.

In certain cases where I am engaged to provide discreet advice, I may charge a fixed fee. Otherwise, I charge on an hourly basis at my typical hourly rate (currently GBP 600 per hour). VAT is charged at a rate of 20% in respect of my legal fees and third-party expenses and is added to invoices where applicable.

Generally, the services that I provide to clients who are resident outside of the United Kingdom and the European Union are not subject to VAT.