As a result of the snap General Election, the controversial plan to increase Probate fees has been scrapped – at least for now.
The proposed increase for a Grant of Probate or Letters of Administration Application means that the Court fee would increase from the flat rate of £155.00 up to a maximum of £8,000.00 depending on the level of assets in the estate. Local lobbying from Solicitors was putting pressure on the Government to drop the proposals by stating that the increases was a back door tax and therefore outside of the Chancellor’s powers. However, it was ultimately the decision to call a General Election that led to the proposed fees increase being scrapped.
The new Probate fees structure was due to be introduced in May but will now be on hold depending on the outcome of the General Election and what the new incoming Government’s view of this matter are. Therefore any Clients applying to the Probate Courts will still be charged the flat fee of £155.00. It is not yet clear if the new elected Government will reinstate the proposals.
MKB Solicitors LLP Private Client Solicitor and Treasurer of the Sheffield & District Law Society Rianne Wilcockson-Coope says “we are obviously delighted with the news that the planned hike in Probate fees has been suspended. The proposals caused stress for Clients trying to find funds to pay the Court fee before the Grant of Probate in the estate was issued”.
We would, however, ask local Solicitors to keep involved with any upcoming consultations. We are aware that a new Government may still reinstate the fees and we will be asking for your support to challenge any plans to reinstate the Policy. If you have any views or comments that you would like to raise on the above article then please contact Liz French, Office Manager at the Sheffield & District Law Society on 0114 2723655 in the first instance.
We would like to thank you for your ongoing support and assistance in challenging this proposal.