AUE members can make use of this advice on Probate Fees from our solicitors Morrish
What are Probate fees?
When someone dies and leaves an estate, an executor or a personal representative will need to collect in all of the deceased’s assets and administer the estate. Depending on the assets, in most cases, the executor or personal representative will have to obtain a grant of representation to allow them to release monies from the deceased’s accounts with banks, building societies etc.
At the moment, if an estate is above £5,000, the fee to obtain a grant is at a flat rate of £215 if applying in person, or if you apply through a solicitor, £155.
What is changing?
From April 2019 the threshold at which you'll need to pay probate fees is set to be lifted to estates over £50,000. So, if an estate is valued at less than £50,000 you will not have to pay a fee.
Morrish have provided us with this advice.