changes to probate fees
Last week, the Ministry of Justice announced that new legislation to implement a banded structure of fees for a Grant of Probate has been presented before Parliament.
Currently, individuals pay a flat fee of £215 to obtain a Grant of Probate, whilst professional bodies are charged £155 for probate applications. However, the new banded fees will be based on the estate value and will range from £250 to £6,000.
Additionally, if the proposal is passed the current estate value threshold will increase from £5,000 to £50,000 and will provide support to allow people to apply for a Grant of Probate online.