News Update 21 April 2017: Plans to introduce new Probate Registry fees have been scrapped because there isn't enough time to bring them in before the general election. See New Probate Registry Fees Scrapped.
The cost of applying to the Probate Registry for Probate is set to change in England & Wales under a new Government policy.
However, Co-op Legal Services is advising that in some situations for clients using its Probate Complete Service, Co-op Legal Services can cover the cost of the Probate Registry fee and recover it later from the Estate, once the funds are available*.
So in these situations the new Probate Registry fee would be paid for by the Estate, not by the person applying for Probate.
Current vs New Probate Registry Fees
When making an application to the Probate Registry for a Grant of Probate, an application fee is required. Until now, the Probate Registry has charged a flat fee of £215 when the application was made by an individual, or £155 when the application was made by a Solicitor.
Now it’s likely that as of May 2017, the Probate Registry will calculate their fee depending on the value of the deceased person’s Estate. There will be a sliding scale, so for Estates worth under £50,000, the fee will be £0. But for Estates worth between:
- £50,000 and £300,000 the fee will be £300
- £300,000 and £500,000 the fee will be £1,000
- £500,000 and £1million the fee will be £4,000
- £1million and £1.6million the fee will be £8,000
- £1.6million and £2million the fee will be £12,000
- More than £2million the fee will be £20,000
It’s common to require a Grant of Probate when someone passes away depending on what type of assets they have left behind. A Grant of Probate gives you the legal authority to deal with their assets, which are known collectively as their Estate.
Without a Grant of Probate, you won’t be able to do things like sell your loved one’s property, release large sums of money from their bank account, or deal with financial assets like shares and premium bonds.
Normally, the person or people named as Executor/s in the Will are responsible for applying for Probate. If the deceased didn’t leave a valid Will, the people who are set to benefit from the Estate can apply for Probate.
Applying for Probate
Applying for Probate and administering someone’s Estate is a big undertaking which can take many months to complete. You may have to sell property, as well as deal with HM Revenue & Customs and liquidate all the assets. Detailed Estate accounts are also required, and you can be held financially liable for any mistakes made.
As the Executor of a Will, you can instruct specialist Probate Solicitors to carry out all of the work on your behalf.
With our Probate Complete Service we take full responsibility for getting Grant of Probate and dealing with the Legal, Tax (excl VAT), Property and Estate Administration affairs.
There are no upfront costs and our fixed fees are deferred and will be taken from the Estate once it is in funds*.
We can settle the cost of a Co-op Funeralcare funeral and reimburse any deposit paid, as soon as you have instructed us to represent you*.
In some situations we’ll be able to cover the cost of the new Probate Registry fee and recover it later from the Estate once the funds are available*.
*Providing that the Estate owns assets that can be liquidated.
At Co-op Legal Services, our fixed fees are completely transparent. Once we have provided you with a written Fixed Fee quote for the agreed work to be done, that price will not change unless the original information we are given is shown to be incorrect or circumstances change.
For free initial advice and guidance call our Probate Advisors on 03306069584 or contact us online and we will help you.