Schedule of charges
It is our practice to send our files to a Law Accountant or Auditor of Court for an independent assessment of a fair and reasonable fee for the work we have carried out. The Assessor’s fee for this will be met by the estate and is typically around 4% of the fee calculated for the work completed.
In assessing the fees, the Law Accountant will take into account a number of important factors including: the importance of the matter to you; the amount of value of any money or property involved; the complexity, difficulty or novelty of the matter; the skilled labour, specialised knowledge and responsibility involved on our part; the time expended; the length, number and importance of any documents or other papers prepared or perused; and the degree of expedition required. In order to assist in the transparency of executry feeing, we have developed the following Schedule of Charges for Executry work:
| Process | Units |
|---|---|
| Letters (per page of 100 words) | 1 |
| Formal deeds and contractual documents (per sheet of 250 words): | 5 |
| Other documents (including pro forma documents) (per sheet): | 3 |
| Revising documents will be charged at half the rates above. | |
| Telephone calls – as per hourly rate – | Min 1 |
| Time spent will be charged at the appropriate rate for the personnel involved. | |
| The percentage charges which will be made will not exceed the following amounts:- | |
| Process | Percentage (%) |
| Post and incidents* | 5 |
| Responsibility Element | 0.5 |
| Collection of Income | 5 |
| Realising Stocks and Shares | 1.5 |
| Realising Capital | 1 |
| Realising Stocks and shares not on Stock Exchange and Private Partnerships | 1 - 5 |
| Realising Book debts etc | 1-10 |
| Realising Miscellaneous property | 1 - 7.5 |
| Realising Capital for Reinvestment and Investing Capital | 0.75 |
| Transfer of Moveable Estate | 0.25 - 1.5 |
| Transfer of Heritable Property | 0.5 |
| Note - VAT @ 20% will be added to all Fees and Commissions. | |
| Unit charges – these charges will be calculated by reference to the time spent at our applicable hourly rates (calculated on the basis of 6 minutes – 10 per hour). Transactions relating to overseas assets, private company shares, business interests and miscellaneous items may be subject to an increased charge which will not exceed 10%. In addition to our fees, outlays will be incurred for, typically, Valuation fees, Confirmation Dues, Extract Certificates of Death, Dues of Petition for Appointment of Executor(s) and premiums for Bonds of Caution (in intestate cases), Asset Search fees and Indemnity or insurance for any increase in these charges in specific cases. *Percentage is applied on assessed fee | |