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Pothecary Witham Weld is based in Central London providing specialist advice locally and nationally to charities and not for profits; individuals and families; companies and partnerships.

The firm is best known for its church, charity and schools work and is widely regarded as one of the leading firms in these fields in the UK. The firm is also highly valued locally for its friendly and accessible range of legal services.

 

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Should you be worried about the possible introduction of greatly increased probate fees?

The proposal to increase probate application fees looks as though it will take effect from April of this year. This may have serious implications for executors who may need to find funds from their own pockets in order to obtain the Grant of Probate to release assets from the estate.

At present there is a flat fee of £215 or £155 depending on whether the application for probate is made by an individual or a solicitor. The proposal introduces instead a tiered fee linked to the net value of the estate. There is no fee for estates under £50,000 (currently the threshold is £5,000), but for estates over £2m the fee will be £6,000. The new fees are set out below:

Net value of estate

Fees

Below £50,000

£0

£50,000 - £300,000

£250

£300,000 - £500,000

£750

£500,000 - £1 million

£2,500

£1m - £1.6 million

£4,000

£1.6m - £2 million

£5,000

Over £2 million

£6,000

Our advice is to try and submit your probate application as soon as possible in the lead up to April 2019.    

If you are dealing with an estate where this might be an issue, please contact our expert probate team here and let Pothecary Witham Weld guide you through the estate administration process.

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