Probate Costs Set To Rise Posted by David West , 23/02/2016

Probate Costs Set To Rise

Probate Costs Set To Rise

The UK government is planning a huge hike in probate fees in a bid to raise a further £250m a year. The flat fee of £215 is set to be replaced with a new tiered system of charges. Some could end up paying as much as £20,000 on estates in excess of £2m.

Estates worth between £500,000 and £1m the new fee will be £4,000, rising to £8,000 for those worth between £1m and £1.6m, and £12,000 for those valued at between £1.6m and £2m!

The rise in property prices, especially in the South East, in recent years means that more and more bereaved families are likely to be hit with this additional tax. Getting a Grant of Probate (or Letters of Administration if there is no Will) is a legal process whereby the Executor/s or Personal Representatives of a deceased person's estate gain the authority to cash in assets and sell property in order to distributed that estate.

Not all estates need to go through the 'probate' process. The Ministry of Justice has said that these measures would mean that smaller estates (up to £50,000) would end up paying no fees at all, great news. However 27% of estates would see a “modest” increase of £85 to £300. Estates valued between £500,000 & £1,000,000 would pay £4,000, £8000 for those up to £1,600,000, £12,000 for those up to £2,000,00 and a whopping £20,000 for estates in excess of £2,000,000!

Now is a good time to plan. The Probate Bureau can and will help you save time, money and no small amount of stress at an already taxing time in your life.

Back To Blog

Share This Post

Recent posts

2015 Archive

2016 Archive

2017 Archive

2018 Archive

2019 Archive

2020 Archive

0 Archive

2023 Archive

Find your way through the probate maze

Click here to follow our step-by–step probate process guide


Excellent service, everything went very smoothly. Like to thank Ann and her team.... read more

- L. Norman

Good & Reliable service, always kept up to date with what was happening. Value for money.... read more

- R.W. Simmons

Latest Tweet

Follow @ProbateBureau

Contact Us

0800 028 2837
3 Crane Mead Business Park
Crane Mead
SG12 9PZ

Request Call Back

Your request has been sent Successfully.We Will Contact You Soon.

  • Probate Administration
  • Financial Services
  • Will & Trusts
  • Other