The government has today announced that it intends to proceed with its proposals to alter the Court fee payable for applications for Grants of Representation in the administration of estates.
This is despite the vast majority of responses to the consultation speaking out against the proposals. ON your death your are now effectively being asked to subsidise up to 30% of the £1 billion investment into the redevelopment of our Courts and Tribunals .
Whilst many will benefit from these changes, meaning no fee will be payable on the application to Court, larger value estates will have to pay significantly higher fees, anticipated to come into force from May 2017. These fees could be as high as £20,000 from the existing fee of £155!
It is likely to increase the number of people considering their estate planning options to reduce the fees payable on their death
The consultation proposed: moving from the current flat fee for applications for a grant of probate to a banded structure where the fees increase in line with the value of the estate, up to a maximum of £20,000 raising the threshold below which no fee is payable from £5,000 to £50,000 removing probate fees from the statutory help with fees remissions scheme Following the consultation, the government has decided to proceed with all the proposals as set out in the consultation