Why is the cost of probate so high? The probate bill is made up of the fees that the government charge for issuing a grant of probate. Whoever manages the probate process on your behalf will also charge you, this could be a bank or it could be a solicitor.
When someone in your family passes away, you will have to apply for a document called a grant of probate. This means you will take control of the estate. The application fee is £215 if the value of the estate is over £5,000, and there is no fee if the estate is under £5,000.
If you wish to beat the cost of probate, you need to put an estate plan together! Any assets you own jointly will be passed without the need for a grant of probate, as it is already partly owned by another person. If you place the assets you are passing on into a trust, this will protect them from the cost of probate. If you would like to find out more information on how to achieve this, click “Apply Today” down below and fill out the form so we can get in contact and give you a consultation over the phone completely free of charge!
“It’s never too early – but it’s often too late!!!”