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Ministry of Justice propose increase in probate fees

The BBC has recently reported on the large fees proposed to be payable after death to raise an extra £250m for the courts service.

The proposed new fees will mean that estates worth up to £50,000 will no longer pay a fee whereas estates worth more than £50,000 will pay considerably more rising to a maximum of £20,000.

Ann Donnelly who specialises in inheritance tax at Moore & Tibbits solicitors comments “With the proposed increase in fees, it is even more important that people plan early to enable reliefs and exemptions to be considered.”

Tax planning involves thinking about your home, the value of any investments, trusts and the making of gifts to limit any tax implications.  Ann Donnelly is a member of the Society of Estate and Trust Practitioners and has extensive expertise in the rules and implications surrounding inheritance tax.

If you would like to discuss any issue surrounding Wills, Lasting Powers of Attorney or inheritance tax, please call Ann on 01926 491181 for free initial advice.

Please click here for the BBC’s full report.

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