May 2017 was supposed to be the introduction of a new fee structure which would have seen some families paying up to £20,000 in court fees to obtain a Grant of Probate.
However, I am delighted to report that on the 21 April 2017 a spokesperson for the Ministry of Justice said ‘The Statutory Instrument on probate fees wont have time to complete its passage through Parliament so it will be a matter for the new Government’
The new fee structure was set to look like this:
|Value of Estate||Fee Required|
|£50,001 - £300,000||£300|
|£300,001 - £500,000||£1,000|
|£500,001 - £1,000,000||£4,000|
|£1,000,001 - £1,600,000||£8,000|
|£1,600,001 - £2,000,000||£12,000|
|£2,000,001 or more||£20,000|
The flat fee of £215 for a personal application and £155 for a solicitor application will still apply for now.
It is likely though that the new Government will review the position after the General election set for 8 June 2017.
I will continue to monitor the situation and I am sure that bodies such as The Society of Trust and Estate Practitioners (STEP), of which Neves has several members, will be prepared to take another strong stand against the issue if it is raised again.