FAQs
Can I reclaim fees paid to Settld for account closure?
Yes you can. Administrative charges incurred in preparing a probate application are allowable disbursements from the Estate. This means that you can reclaim the cost of Probate Fast Track from the Estate once you have received Grant of Probate.
Are there any other costs I should be aware of?
Aside from Settld’s fee, there’s a Probate registry fee of £273 and copies of the Grant of Probate cost £1.50 each. Some financial institutions require sealed court copies of the Grant to release funds from the Estate. Settld can also help to estimate the number of copies of the Grant you will need. You may also opt to place a Deceased Estate Notice in The Gazette to avoid being personally liable for any Estate creditors that come forward at a later date. The cost of advertising starts from about £80.
What is the benefit of using Settld?
Using Settld, you only need to provide your details and documents once, using one form. As companies respond to Settld, you will see an update on your personal accounts dashboard, showing the status of each account and any associated documents. Until the account is ‘Settld’ according to your demand (closed, amended or transferred), and information obtained, the account will be shown in pending status.
What happens once I have the date of death balances for all the accounts?
Unless the Estate is an Excepted Estate for Inheritance tax purposes then you will need to submit IHT forms to HMRC. If you are using Settld Probate, we will collect a few more details from you so that the probate application can be completed. You will then need to check the application, sign and submit it by post once you are ready, and pay the application fee of £273.