Longden Walker and Renney's Janine Kennedy has called for the Government to reconsider its plans to significantly increase Probate Fees.
The Law Society Gazette has reported that the government is planning rises in probate fees, such that the current flat fee will change and a banded approach introduced - whereby the fee payable will be linked to the value of the estate.
The proposed changes are reportedly part of a drive to raise money.
Unfortunately, if the government implements the proposed changes, it is anticipated that bereaved families will have to pay significantly higher application fees. The proposals are that the present flat rate application fee of £150 should rise to:
- £300 for estates worth more than £50,000 and up to £300,000
- £1,000 for estates worth more than £300,000 and up to £500,000
- £4,000 for estates worth more than £500,000 and up to £1 million
- £8,000 for estates worth more than £1m and up to £1.6 million
- £12,000 for estates worth man than £1.6m and up to £2 million
- £20,000 for estates worth more than £2 million
Janine commented, "It seems difficult to justify an increase of up to £19,845 for probate applications. There is no difference in the amount of work that the probate registry must undertake to issue a Grant for an estate worth £100k or £800k and yet the fees will be £3,700 more."
Should you wish to do so, please click here to sign a petition calling on the Government to reconsider.