Probate Fees – Planned Increase Scrapped
It has been announced by The Ministry of Justice that the controversial plans to raise Probate Fees are to be scrapped.
The proposed change would have seen Probate Fees that currently stand at £155.00 rise sharply. Estates worth between £500,000.00 and £1,000,000.00 would have paid fees of £4,000.00 Estates valued at more than £2 million would have paid fees of £20,000.00
It is not clear whether these proposals will be reinstated after the election