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Update to new Probate Court Costs
Future Changes to Probate Court Costs
A new structure for probate fees, based on the value of the estate, is planned for introduction from April 2019. The proposal has been revised this year and has now been presented to the Houses of Parliament for approval. In light of the significant changes made to the last proposal, we would caveat this information at this stage with a warning that these proposed court fees are not yet set in stone.
The current information suggests that the scale of court fees for estates will be as follows:
|Value of Estate||New Court Fee Estimate|
|less than £50,000||FREE|
|£50,000 – £300,000||£250|
|£300,000 – £500,000||£750|
|£500,000 – £1 million||£2,285|
|£1 million – £1.6 million||£4,000|
|£1.6 million – £2 million||£5,000|
|More than £2 million||£6,000|
Clearly this is a significant increase from the current rates on almost all estates likely to pass through probate, although we have yet to receive confirmation that these bands and rates are now fixed. Please see the link below for the latest announcement: