Changes to Probate Fees
- AuthorRichard Stone
As we reported late last year, the Government has proposed changes to the current system of fees charged for a grant of probate for a deceased person’s estate. You can see our article here.
Despite facing overwhelming opposition since it was first raised, the proposal to link probate fees to the value of the deceased’s estate is now looking more like a reality. Although the Statutory Instrument still needs to be put before the House of Commons, it is likely to be approved. The date for the House of Commons final vote has not yet been announced, but the Minister responsible for the legislation, Lucy Frazer MP, has confirmed that the changes will be introduced in April 2019 and that the Ministry of Justice will issue guidance on how to pay fees before the changes take effect.
This is a disappointing outcome especially since Talbots head of Trusts & Estates, Ian Bond, has been heading a campaign on behalf of the Law Society, to raise concerns over the legitimacy and impact of the proposed changes which will see certain estates facing an increase in fees from £155 to £6,000. Ian has spoken to BBC Moneybox, several national newspapers, and has written on this subject for the Law Society Gazette here.
Our immediate concern is that the new fee structure might have immediate ramifications for our clients who have not yet applied for grants of probate for a loved one’s estate. If you have recently lost a loved one then we recommend you email us directly, or call us on 0800 118 1500 to find out how we can help you and to book an appointment with one of our Trusts & Estates experts.