INCREASE IN PROBATE REGISTRY FEES SCRAPPED!
- AuthorVictoria Reeds
It has been announced today that the increase in probate registry fees has been scrapped. The controversial increase was set to come into force in May and meant that the fee for obtaining a grant of probate (where there is a Will) or a grant of letters of administration (if the deceased died without a Will) would be based on the value of the estate, as opposed to a flat fee. The probate registry has issued a statement today confirming that the planned changes have been postponed.
“There is not enough time for the Statutory Instrument which would introduce the new fee structure to complete its passage through Parliament before it is dissolved ahead of the general election. This is now a matter for the next Government.”
Whether the changes come into force in the future remains to be seen but this is good news for Personal Representatives who were going to struggle to meet the deadline.
If you require any further advice on this, please contact the Chattertons Wills, Trusts and Probate team.