Friday, 9 July 2021

PROBATE FEES: increases in the air

If you are someone who should be applying for probate to wind up a deceased's estate (that's where there is a will) or letters of administration for the same purpose (that's where there is no will) then PULL YOUR FINGER OUT!!!

I predict that around October or November 2021 the fee for applying in England and Wales will increase. Currently, the fee is more if you apply in person rather than through a professional such as a solicitor. In person, it will cost £215 as against £155 through a professional. The plan is to align and increase the fee. Everyone would pay the same and the new fee would be £273. Estates worth less than £5,000 do not currently attract a fee and that will not change. Remission from a fee (sometimes called the 'Help with Fees' scheme) will still be available to applicants of low means. There may well be inheritance tax to pay and that's another headache. You can soothe your brow on this by taking a look at 'The Return of Breaking Law'. [There he goes again].