New Probate Fees – April 2019

This month, the government is proposing to change the current probate fee structure from a flat rate fee, to one based on the value of the estate.
wills

This month, the government is proposing to change the current probate fee structure from a flat rate fee, to one based on the value of the estate.

The new proposals set out a banded structure, where fees rise with size of the estate.

At the moment, families in England and Wales pay a flat probate fee of £215, or £155 if they apply through a solicitor, on estates worth more than £5,000.

However, bereaved families will instead be faced with a tiered system that will charge based on the value of the estate. This charge is additional to inheritance tax. Those estates up to £50,000 will be exempt from fees, then the fees are:

Value of Estate                                             Probate Fee
Estates worth from £50,000 to £300,000£250
Estates worth from £300,000 to £500,000£750
Estates worth from £500,000 to £1 million£2,500
Estates worth from £1 million to £1.6 million£4,000
Estates worth from £1.6 million to £2 million£5,000
Estates above £2 million£6,000

The fees will need to be paid from the estate at the time of the application, and there are options open to executors as to how to arrange this.

Labour’s justice spokesman Gloria De Piero said the charges were a “tax on grieving families”.

A Ministry of Justice spokesman said: “This is not a tax – and any decision by the ONS to define it as such would be purely for accounting purposes.”

“The income raised from probate fees will go towards funding a more efficient and effective courts and tribunals system.”

While the changes are being put in place there is a temporary process for applying for probate. Visit gov.uk for more details: www.gov.uk/government/news/proposed-change-to-probate-fees

If you have any queries regarding probate or the new fees, contact our specialist team on 01792 468684 or email enquiries@pgmsolicitors.co.uk.

Related Articles

When someone passes away without a Will, their estate is distributed according to the rules of intestacy. These legal guidelines determine who inherits the deceased’s assets and in what order of priority.
As the new year begins, it’s a great time for fresh starts and thoughtful planning. While many focus on resolutions like improving health or developing careers, the beginning of the year is also the perfect time to address an often overlooked but essential task: making or updating your will!
Divorce is one of life’s most challenging experiences, and the desire to minimise costs and complications often leads to many considering a DIY approach. While handling your divorce without professional legal advice could save money upfront, it comes with significant risks that could cost you more in the long run - both financially and emotionally.