Rise in Probate Fees

The Government is introducing a significant rise in probate fees which is likely to take effect in May 2017.

A “grant of probate” allows the executor to pay inheritance tax (IHT), settle debts and carry out the wishes of the deceased as expressed in the will.  Currently, a £215 flat fee applies if probate is applied for by friends or family, or £155 if a solicitor completes the process.

Proposed new probate fees:

Value of Estate                                                            Proposed fee

Up to £50,000 or exempt                                            £0

from requiring a grant of probate

£50,000 - £300,000                                                     £300

£300,000 - £500,000                                                  £1,000

£500,000 - £1million                                                     £4,000

£1m - £2million                                                                £12,000

Above £2million                                                              £20,000