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2025 in review: Under construction - Tax investigations
Krishna Mahajan
The government has announced that its controversial plans to increase probate fees by an considerable 12,900% have been shelved. Under the plans, the fee for applying for a grant of probate was to increase from a flat fee of £155 to up to £20,000 on an estate worth over £2 million. Payable before the process of distributing an estate can begin, the increase was set to give rise to significant problems for executors dealing with asset heavy, cash poor estates.
Unfortunately, and regardless of overwhelming opposition, probate and estate administration lawyers are dismayed to see that the Government is pushing through a massive hike in probate fees.
A round-up for February 2017
As much as we may try to fight it, we’re in an increasingly digital age. Social media now extends into every aspect of our lives, from those notorious repetitive baby pictures to ‘in memory of’ pages to remember loved ones. We collect and share moments of our lives in the digital world.
In the unfortunate and very unlikely event that both you and your partner pass away leaving children under the age of 18 (“minor children”), you might consider incorporating a “guardianship clause” into your Will. This would give you peace of mind that your children have been left in the care of someone you trust.
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