Probate Fees to increase from April 2019
At present probate fees are paid to the government when administering someone’s estate after they die.
Currently families pay a flat rate of £215 or £155 if they apply through a solicitor, on estates over £5,000.
The government have announced that no probate fees would be paid on estate under £50,000. However, if the estate value is higher than this, there will be an increase in probate fees.
The fees will depend on the amount the estate is worth.
Fees will range from £250 where estates are worth £50,000 to £300,000 with a maximum charge of £6,000 for estates worth £1 million.
If you would like to know how these changes may effect your family please contact our Partner, Anne Stennett for a free 30 minute consultation on 0208 363 4444 or email@example.com