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

NLJ Career Profile: Daniel Burbeary, Michelman Robinson

NLJ Career Profile: Daniel Burbeary, Michelman Robinson

Daniel Burbeary, office managing partner of Michelman Robinson, discusses launching in London, the power of the law, and what the kitchen can teach us about litigating

Sidley—Jeremy Trinder

Sidley—Jeremy Trinder

Global finance group strengthened by returning partner in London

Joelson—Jennifer Mansoor

Joelson—Jennifer Mansoor

West End firm strengthens employment and immigration team with partner hire

NEWS
The controversial Courts and Tribunals Bill has passed its second reading by 304 votes to 203, despite concerted opposition from the legal profession
The presumption of parental involvement is to be abolished, the Lord Chancellor David Lammy has confirmed
A highly experienced chartered legal executive has been prevented from representing her client in financial remedies proceedings, in a case that highlights the continued fallout from Mazur
Plans to commandeer 50%-75% of the interest on lawyers’ client accounts to fund the justice system overlook the cost and administrative burden of this on small and medium law firms, CILEX has warned
Lawyers have been asked for their views on proposals to change the penalties for assaulting a police officer
back-to-top-scroll