header-logo header-logo

25 February 2016
Issue: 7688 / Categories: Legal News , Wills & Probate
printer mail-detail

Probate costs under review

Lawyers have spoken out against Ministry of Justice (MoJ) proposals to charge grieving families up to £20,000 in probate fees.

Currently, probate fees are either £155 or £215 and are charged on estates worth more than £5,000.

Last week, however, Justice minister Shailesh Vara announced dramatic changes. Fees would be removed altogether for estates worth less than £50,000—about 57% of estates. Fees of £300 would be charged on estates worth more than £50,000, £1,000 on estates worth more than £300,000, £4,000 on estates worth more than £500,000, £8,000 for estates worth more than £1m, £12,000 for estates worth more than £1.6m, and £20,000 for estates worth more than £2m.

Joyce Bradbeer, probate partner at Moore Blatch, said: “Those with larger estates will be paying significantly more, even though the work that the Probate Registry has to do is virtually the same whatever the value of the estate.

“But, more to the point, how are the executors going to raise the money to pay for this? Access to cash is extremely limited prior to the issue of the Grant of Representation.”

Vara said the proposals were “progressive”, “necessary” and would raise an extra £250,000 a year.

 

Issue: 7688 / Categories: Legal News , Wills & Probate
printer mail-details

MOVERS & SHAKERS

Anthony Collins—20 promotions

Anthony Collins—20 promotions

20 promotions mark major people investment at national law firm, Anthony Collins

Sidley—Elaine Whiteford

Sidley—Elaine Whiteford

Sidley adds competition litigator Elaine Whiteford in London

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing

NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Pro bono is celebrating a silver anniversary, with initiatives putting businesses and students at the heart of access to justice
Choosing the wrong expert can cost a clinical negligence claimant more than their case
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
back-to-top-scroll