From May 2017, court fees for obtaining a Grant of Probate are set to dramatically increase. Currently, where an estate is valued at over £5,000 there is a fixed fee for obtaining a Grant of £215 for a personal application, or £155 where a solicitor makes the application.
Following a consultation, to which the response was largely negative, the Government has decided to proceed with a new fee structure for issuing a Grant of Probate.
Whilst this will see the value of estates which are exempt from paying a fee increase from £5,000 to £50,000, those with estate values in excess of £50,000 will pay considerably more. Estates over £2million will incur a £20,000 fee.
The full table of revised fees is as follows:-
This will come as a shock to many people, and is a considerable burden on estates where the majority of assets are jointly owned and the Grant is perhaps only required to deal with one asset, given the value of all the estate assets are taken into account when calculating the fee.
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