Government Ignores Your Input. Surprised? New Probate Fees.
Here is a link to my Blog a year ago. Probate, How Much Would You Like To Pay?
In Brief, The Government invited you to respond to its consultation as to whether you think an increase in Probate fees from, at their highest, £430 today [for a couple dying together, or one shortly after the other] to a new sum of £40,000.00, was about right.
Yes, seriously, the new fees will be more than 9300% of the old ones. Nine thousand three hundred per cent. This is not a bad dream, though it’s not a good one either.
The new scales are
• £300 for estates worth more than £50,000 and up to £300,000
• £1,000 for estates worth more than £300,000 and up to £500,000
• £4,000 for estates worth more than £500,000 and up to £1 million
• £8,000 for estates worth more than £1m and up to £1.6 million
• £12,000 for estates worth more than £1.6m and up to £2 million
• £20,000 for estates worth more than £2 million
As I said , This is after consultation.
So, clearly, the general public thought that the increased fees are a jolly good thing.
Actually, not exactly, no.
The results are here LINK
What do we see? – Out of 829 responses as to whether the fee for probate should be proportionate to the estate value? Bearing in mind that the actual work done, and the cost of it, is not proportionate to the estate value, not surprisingly,:-
695 said – No, it makes no sense.
So in the context of a referendum, the vote for the status quo, the “remain” vote if you like, was over 75%.
Over 75 per cent.
With 71 responses abstaining, the vote for changing the status quo was:-
7%. Seven percent.
So there you are, the Government ask for consultation. Their proposals are overwhelmingly rejected – let me rephrase that – are supported by 7%, and will proceed.
Makes you proud, innit. Can’t Afford to Live, Can’t Afford to Die. Song Link here
As ever, do contact me or Christopher Atkinson here at AtkinsonNotary [0113 816 0116 or email@example.com or www.atkinsonnotary.com ] where we shall be more than happy to assist and help you through the maze whenever you have paperwork to be processed for foreign countries.