Controversial plans to raise probate fees are scrapped

The Government has announced its decision to drop its controversial plan to sharply increase probate fees, due to time constraints before the general election in June. The plans, which had been announced last month, had attracted much criticism and will no doubt be a welcomed decision and relief for many.

The proposed system of tiered charges which was due to come into effect this May was to be based on the size of the estate; no fee if the estate is worth under £50,000; £300 for estates valued between £5,000 and £300,000; £1,000 for estates valued between £300,000 and £500,000; with the fees progressively rising until reaching £20,000 if the estate is worth above £2m.

A senior Conservative declined to say if the scheme would be brought back if the prime minister was re-elected.

If you would like to speak to us on any aspect regarding the administration of an Estate, please contact Julia Newland on Julia.Newland@GarsideandHoy.co.uk or 0208 427 5656.

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