You may have already read my blogs about the potential increase in probate fees, akin to another type of tax. Since the outcome of the General Election in June, resulting in a hung parliament with a Conservative minority and the potential for a coalition to form, it may not be too long before the Government deals with the issue of probate fees again. If the correct processes are first followed then the green light may be given for probate fees to increase, and, depending on the size of a deceased’s person’s estate, the increases in probate fees to obtain a grant of probate (or letters of administration in the absence of a will) could be dramatic, and in some cases probate fees could be over £20,000!
The purpose of this article is not to pass comment on the political stances of any party or parties but to highlight that the fees for probate applications may rise soon. Of course, any government may wish to address other issues ahead of probate fees but equally this could be a matter which is, potentially, dealt with soon. We will wait and see…
This article was published on 16 June 2017.
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