Partner Caroline Casagranda, in our leading Wills, Probate, Tax & Trusts team, explains what the recent prorogation of Parliament means for the proposed rise in probate fees.
It may not have been at the forefront of the Prime Minister's mind, but one of the consequences of Boris Johnson’s prorogation of Parliament earlier this month is the shelving of the proposed rise in probate fees.
A motion to approve the increased fees order has been scheduled for some time, but will now not be considered until Parliament reconvenes at the earliest.
If the Order is approved in the future, its effect will be a increase in probate fees for estates above £50,000, with the rise particularly drastic for estates over £500,000.
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This article is intended for the use of clients and other interested parties. The information contained in it is believed to be correct at the date of publication, but it is necessarily of a brief and general nature and should not be relied upon as a substitute for specific professional advice.
