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The amount of work required to present and proceed with a petition for sequestration (bankruptcy) of a debtor is generally predictable, as is the amount of expenses that a court shall normally award to the petitioning creditor.
We accordingly are able to offer a fixed fee for this work of £1,200 including vat. There are various court outlays and fees to the accountant in bankruptcy that shall be payable in addition to the fee.
The fee includes:
a) taking your instructions at an initial meeting and checking that the statutory criteria for bankruptcy are met.
b) preparing the bankruptcy petition and the associated productions.
c) liaising with either or both of the Office of the Accountant in Bankruptcy and/or your chosen Trustee.
d) lodging the petition with the court, obtaining warrant to serve and instructing Sheriff Officer service (the Sheriff Officer's fee is an additional outlay).
e) returning the served papers to court in advance of the case calling.
f) liaising with either the debtor or their representative on your behalf should they make contact with regards to potential payment of the sums due to avoid bankruptcy.
g) conducting the initial calling and any continued callings of the petition in court.
h) reporting to you after the final calling of the petition in court with final advice.
A Notary Public is a solicitor who has also been admitted and registered by the Law Society of Scotland as a Notary Public. The role of Notary Public includes witnessing any legal documents which require to be witnessed and signed by a Notary Public, as well as taking sworn statements on oath (known as “Affidavits”). A Notary Public will also have a stamp or seal which may need to be used to accompany their signature (particularly in relation to documents required for use abroad – discussed further, below).
Typical fixed fees for notarising documents are £125 plus VAT per document.
If the document which you require notarised is to be used overseas, it may be that the company or person abroad who requires the document will need it to have a further form of authentication, known as an “Apostille”. Our fee for Apostilles is £250 plus VAT for the first document (there is an additional fee for this process, charged by the Foreign and Commonwealth Office, which is currently £30 per document).
Our prices above include:
Our fixed fee, above, does not include:
Typical fixed fees for the preparation of Wills are as follows:-
Single person - £300 plus VAT (not including any Liferent Trust/Discretionary Trust provisions)
Mirror - £500 plus VAT - i.e. £250 plus VAT each (not including any Liferent Trust/Discretionary Trust provisions)
Single person - from £425 plus VAT
Mirror - from £750 plus VAT (i.e. from £375 plus VAT each)
Single person - £500 plus VAT (not including any Liferent Trust/Discretionary Trust provisions)
Mirror - £900 plus VAT – i.e. £425 plus VAT each (not including any Liferent Trust/Discretionary Trust provisions)
Single person - from £625 plus VAT
Mirror - from £1050 plus VAT – i.e. £525 plus VAT each
During our meeting we will explain any available options between, for example, Wills with or without Trust provisions (e.g. if there are any potential advantages from a care cost, tax, second marriage, asset protection, vulnerable beneficiary perspective, etc.) You can then decide how you wish to proceed (i.e. either with a Will containing Trust provisions or not containing Trust provisions).
Our prices above include:
Our fixed price will not include:
Note: This fixed price will only cover the services mentioned. Your case may require additional work that is not included. We will discuss this with you at our first meeting. If additional costs arise due to matters related to your own personal circumstances, we will discuss this with you at the earliest opportunity and we will advise you of any increase in price that may arise.
Typical fixed fees for the preparation of Powers of Attorney are as follows:-
Single person - £300 plus VAT
Mirror - £550 plus VAT – i.e. £275 plus VAT each
(N.B. Each Power of Attorney will also incur a registration fee payable to the Office of the Public Guardian)
Our prices above include:
Our fixed price will not include:
the registration costs payable to the Office of the Public Guardian,
the preparation of any accompanying letter of wishes addressed to your Attorneys which you may or may not wish to prepare, so that your Attorneys can be fully briefed regarding your preferences and wishes if you ever became incapacitated,
Note: This fixed price will only cover the services mentioned. Your case may require additional work that is not included. We will discuss this with you at our first meeting. If additional costs arise due to matters related to your own personal circumstances, we will discuss this with you at the earliest opportunity and we will advise you of any increase in price that may arise.
Our estimated fees will normally cover all of the work required to complete the sale or purchase of property including dealing with any offers and subsequent missives, ordering searches, creating or repaying any secured loans and registering any deeds at Registers of Scotland and paying any funds to you.
However, both our fees and the outlays will vary based on the value of the property being bought or sold; whether a mortgage is being used to fund the purchase; if the first home fund or lift scheme is used; if second securities are involved; or if the title is more complex than the normal. This list is not exhaustive. Further costs can arise if there are additional unanticipated outlays such as plans, copy documents etc. to be obtained.
Accordingly, we would ask that you please contact us for a brief discussion on your planned purchase or sale and we’ll give you a written fee estimate with our fees and outlays detailed for your planned transaction. The estimate given would normally cover the following key stages:
