Probate Fee Increase

February 21st, 2016

Probate fees for the wealthy are set to rise sharply, says the Financial Times. The government has proposed major revisions to probate fees, which are currently £155 for people with assets over £5,000.

Probate is required before inheritors can claim assets from an estate. The proposal is to raise the exempt limit to £50,000 and then charge fees starting at £300 up to estates of £300,000, but then rising sharply up to £20,000 at a level of £2 million