Philip Hammond was requested to abort the idea to hike the probate fees. As per the new budget, there will be a rise in charges from £155 to £20,000 depending on the size of the estate.
As of now, the families are paying the government £215 fee, or £155 if they apply it through a legal practitioner, to begin with, the probate process. It is reported that there will be a rise in the fees from the month of May. The range of these fees is supposed to be £300 to £20,000 which depends on its estate value.
Based on percentage, there is a 40% rise in pricing. This rise in the price range will affect the middle class in a big way. The complete budget document states that by the year 2022 the government will gain £350million from the probate fees. The fees here will be increased by £115million.
