Fixed Probate costs to help your clients avoid the ever-growing costs of probate.
As a Will Writer and Estate Planner, you are all too aware of the increasing costs of Probate being charged by Solicitors, Accountants and Banks.
Probate is often viewed as, or referred to, by Solicitors as a ‘victimless crime’ against the very people that you have helped protect their estate in every way possible. Once executors realise the enormity of their task, it is common practice they seek advice from a solicitor and accept their costs, generally because they do not know of a cheaper alternative, which in turn seriously reduces the beneficiary’s inheritance that you and your client have tried so hard to protect.
We are offering you the opportunity to fix your clients probate costs and estate administration services today with the NFFD.
The NFFD are here to provide you with a service that will easily integrate into your existing products / service portfolio and help you to increase your revenue and continue to grow your business.
Why should you become an agent?
Becoming an agent for NFFD Probate has many benefits. Here are just a few:
Uncapped agent commissions
With uncapped commissions starting at £500 per service sold, the only limit on your income as an agent is the number of Probate service arrangements you can sell.
You don’t need NEW customers
They say it costs 80% less to convert an existing customer than to sell to a new one. With this in mind, you likely have a dozen or more existing clients that you can sell this service to with relative ease.
Low NFFD Agent setup cost
To become an NFFD Agent, you will need to become members of the NFFD. The small membership fee can be taken monthly or annually depending on your preference.
Get the competitive edge
With the competitive industry of Will Writing and Estate Planning, it is worth considering alternative business models to continue growing your company and offering a unique selling point.
The NFFD are trusted to deal with over £10,000,000 in estates annually, with that number growing rapidly.
Agent Commission Structure
As an NFFD Agent, you will earn a great commission for each NFFD Probate you sell. Here is a breakdown of the commission structure:
Estate Value:
Under £500,000
- Type
- Single
- Joint
- Your Commission
- £500
- £600
Estate Value:
£500,000 – £1,000,000
- Type
- Single
- Joint
- Your Commission
- £600
- £750
Estate Value:
£1,000,000 – £5,000,000
- Type
- Single
- Joint
- Your Commission
- £750
- £850
Estate Value:
£5,000,000 – £10,000,000
- Type
- Single
- Joint
- Your Commission
- £950
- £1050
Estate Value:
£10,000,000+
- Type
- Single
- Joint
- Your Commission
- £1000+
- £1000+
How do prices compare for the client?
Estate Value:
Under £500,000
- Solicitor Fees
- £12,500
+ VAT - £12,500
+ VAT
- Our Fees
- Single –
£3,250 - Joint –
£3,850
Estate Value:
£750,000
- Solicitor Fees
- £18,750
+VAT - £18,750
+VAT
- Our Fees
- Single –
£3,850 - Joint –
£4,250
Estate Value:
£1,000,000-£5,000,000
- Solicitor Fees
- From £25,000
+ VAT - From £25,000
+ VAT
- Our Fees
- Single –
£4,250 - Joint –
£4,850
Estate Value:
£5,000,000-£10,000,000
- Solicitor Fees
- From £125,000
+ VAT - From £125,000
+ VAT
- Our Fees
- Single –
£5,250 - Joint –
£5,850
Estate Value:
Over £10,000,000
- Solicitor Fees
- 2.5% of Estate
+ VAT - 2.5% of Estate
+ VAT
- Our Fees
- Single –
P.O.A - Joint –
P.O.A
What’s included for the client?
- A codicil adding the NFFD as professional executors (if required).
- Assisting their loved ones with registering the client’s death.
- Ensuring all assets are secure and protected during the probate process.
- Advising their loved ones on the terms of the client’s Will or the intestacy provisions and discuss the duties of the executors.
- Identifying, valuing and collecting any and all assets.
- Preparing estate accounts and distributing to the Client’s beneficiaries.
- Calculating the Inheritance Tax, submitting relevant forms and information to the HMRC, and arranging payment.
- Ensuring relevant Inheritance Tax exemptions and reliefs are fully utilised.
- Ensuring beneficiaries receive their full entitlement under the Client’s Will or intestacy.
- Corresponding with HMRC to finalise any income tax and capital gains matters.
- Updating beneficiaries throughout.
- Ensuring payment of your debts and liabilities.
As the NFFD are only partnering with a select number of businesses across the UK, placements are filling up quickly. Applications are dealt with on a first come, first serve basis. So, make sure you complete the form below as soon as possible to avoid missing out.
Providing funeral assistance for those in need!
