May 3, 2017

PROBATE FEES INCREASE HAS BEEN SHELVED DUE TO GENERAL ELECTION

Parliament has run out of time before the snap general election to put plans in place to drastically increase the fee payable when applying for a Grant of Probate or a Grant of Letters of Administration.

For the time being the current fee of £215 for a personal application or £155 for solicitor made applications will remain in force. However, the proposals could be reintroduced by the next government.

Many will welcome the news especially the recently bereaved. It will take the added pressure off those currently applying for a grant in having to find the additional costs of £1,000 up to £20,000. A recent consultation saw 750 responses out of 820 objected to the plan to increase fees.

What is Probate?

A Grant of Probate or Grant of Letters of Administration (when there is no Will) is required when there is assets in the estate over a certain value usually £10,000 – £20,000 and is always needed when there is a property in the estate. The Grant is a document that is issued by the Court which gives the executor or administrator the authority to deal with the assets i.e. release funds or sell a house.  Lady of Justice

Being an executor is already a huge responsibility that many seek the assistance of a solicitor to help them with the legal process. This would have been made even harder when faced with the challenge of having to find thousands of pounds for probate fees before any funds in the estate are released.

Are you an executor?

If you are in the process of dealing with an estate or you have become an executor and you need some advice you can contact WE SOLICITORS LLP for a free initial consultation.

Or you can email jo-ann.mason@wesolicitors to request a copy of our free Report:

 

7 Things a Newly Appointed Executor Should Know Before Getting

Probate & Administering an Estate

 

Email: info@wesolicitors.co.uk

Telephone: 0800 294 3065 / 0161 683 3191

Home visits available in Failsworth Oldham Manchester Bury Ashton under Lyne Bolton Wigan and surrounding areas.

 

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