Equity Release – Your Top 10 Questions Answered In our Residential Conveyancing department we are often asked by our clients to give them advice when they are considering Equity Release Schemes. In this Blog, Arlie Asbury, one of our Licensed...
Probate Fees Reprieve
The snap general election means that the Government acknowledges that it is unlikely that the large increases in probate fees due to come in in May will now take place, as there is insufficient Parliamentary time for the legislation to pass.
It is not clear whether the fees (which have attracted withering criticism as a 'stealth tax' on larger estates) will be brought back in a future session of Parliament should the Conservatives be re-elected. However, one of the downsides if the planned changes are shelved is that the new system would have exempted small estates (those below £50,000) from the charge altogether. Under the present system, no fee is payable if the estate is under £5,000.