Justice Secretary, Robert Buckland, has confirmed that the Ministry of Justice has abandoned the planned probate fee increase originally proposed last November which suggested an increase from a flat fee of £155 to a six-band fee structure with estates worth £2m or more being charged £6,000 to obtain a Grant of Probate. The changes were due to apply from April this year, but had been delayed due to Brexit and a lack of Parliamentary time.
The proposals were instantly met with opposition, both from the general public and professional bodies such as the Law Society, the Chartered Institute of Legal Executives, the Society of Trust and Estate Practitioners (STEP) and Solicitors for the Elderly who have all campaigned against the plans.
President of the Law Society, Simon Davis, said: “A hike in probate fees would have been a tax on grief. We campaigned vigorously against the increase on behalf of bereaved families and are relieved the government has listened to reason”.
We are very pleased to hear that the proposed fee increase has been dropped. If you would like any guidance in relation to Estate Administration, please do not hesitate to contact one of our experienced Private Client Team members.