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Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
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.
The government’s announcement earlier this year that probate fees were set to increase by an incredible 12,900% from 1 May 2017 has been severely criticised by a parliamentary joint committee.
The Supreme Court’s decision in Ilott v Mitson has been reported in all the papers; you’ve probably read about it.
A daughter, Heather Ilott, long estranged from her mother, and in impecunious circumstances, was left nothing in her mother’s will, which passed the whole estate to three animal charities. Heather made a claim for “reasonable financial provision” from her mother’s estate under the Inheritance (Provision for Family and Dependants) Act 1975. Heather had originally been awarded £50,000 by the Court; the Court of Appeal increased the award substantially; the Supreme Court reinstated the award at first instance.
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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