The first time a change to the probate fee structure was announced, it was quickly abandoned due to widespread criticism. However, it’s made a return. The only upside being, estates under £50,000 will now pay no probate fee (previously this was just £5,000).
Potential problems – such as for estates that are cash poor but property rich – will need careful planning to reduce the probate fee burden.
If you would like help with administering an estate, please give us a call for a no-obligation chat – or click here for further information.