A committee of MPs has voted to approve government probate reform proposals that will see court probate charges surge from a £215 fixed rate to as much as £6,000. The current fixed rate charge for probate is £215, or £155 for those applying through a solicitor.
From April 2019 all estates worth over £50,000 will be charged a higher probate fee, which for the largest estates is up to £5785 more than the current fees.
To make an appointment to discuss a probate matter please call 01253 629300 or email email@example.com today.
New fees from April:
Estates worth less than £50,000 will pay nothing, meaning estates worth between £5,000 and £50,000 will save £215 compared to the current system.
Estates worth from £50,000 up to £300,000 will pay £250, a rise of £35.
Estates worth from £300,000 up to £500,000 will pay £750, a rise of £535.
Estates worth from £500,000 up to £1 million will pay £2,500, a rise of £2,285.
Estates worth from £1 million up to £1.6 million will pay £4,000, a rise of £3,785.
Estates worth from £1.6 million up to £2 million will pay £5,000, a rise of £4,785.
Estates worth more than £2 million will pay £6,000, a rise of £5,785.