“This recent Government announcement to go ahead with their proposals to increase probate fees is at the very least hugely disappointing. Although still only a proposal the affect of such an increase will be felt by many of our clients.
The SFE (Solicitors for the Elderly) have made a statement announcing that they too are ’extremely disappointed’ by such a proposal and that their rejection of such an increase has ‘been ignored’.
It is our fear that such an increase will affect our clients at a point in their lives where the added worry of paying such high probate fees are unnecessary and adds further complications at an already deeply upsetting time.
There are many concerns to be raised with such a proposal. First and foremost being the detrimental effect on our clients, which will certainly be profound, if the proposal gets the go head.”
The Ministry of Justice is proposing a massive increase in probate fees for the highest-value estates in an effort to raise an extra £250m a year to fund the courts and tribunal service. The rise in fees could leave beneficiaries of the most valuable estates - worth over £2m - paying £20,000, as much as 129 times more than current levels. Under the proposals, estates worth between £50,000 and £300,000 would pay a £300 fee, with fees progressively rising from estates worth between £300,000 and £2m. Estates valued at over £2m would be charged £20,000. Current fees stand at £215 for individual applications, and £155 for those applying for probate through a solicitor.