Probate research
Probate research
Saga, the highly successful specialist services provider for the over 50’s, is moving into the legal services market, and as part of it’s initial moves it is marketing for probate and has commissioned and undertaken some research. The findings are summarized below :-
- It claims that by not shopping around up to 5% of the value of an estate is being lost on fees, which has an average value of some £7,200.00.
- Of 11,000 surveyed, some 90% of older people currently opt to make a will and have probate dealt with by solicitors. Saga claims probate can be dealt with much more cheaply than the average, it says of about a 5% charge on the value of the estate
- Just over 60% of those surveyed said they may shop around for probate services when it is necessary and where other options to solicitors are available
- some 500,000 pass away each year