Anticipating the Probate Fee Gap

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Anticipating the Probate Fee Gap

It remains to be seen whether the increase in probate fees proposed by the Government earlier this year will be resurrected by the new administration, writes Aviva's Mark Cracknell.

If it is, the increase would result in a significant financial challenge for many people. Whilst the policy remains on the backburner during this current period of uncertainty, the protection industry is uniquely placed to consider how it could help bereaved families in the event of a renewed probate fee hike proposal. With an expected £2.5m boost to the Exchequer, it is entirely possible that the Government may revisit their probate fee plans at some future point. It might still meet with...

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