Probate fee proposal axed

Farming families can breath a sigh of relief for the time being, following recent reports that the planned probate fee changes will not be going ahead. 

Although the planned changes  would see some estates paying no probate fee at all, for estates of £2million and above the fee could be as high as £20,000! 

For many estates the proposed fee structure could have been problematic due to the difficulty in finding available cash to cover the fee. Where an estate is asset-rich this could be a particular challenge.

“Ministry of Justice says snap election means plan to increase fees to as much as £20,000 would not be completed in time”

There has been no confirmation yet as to whether this controversial scheme will come into force in the future.