Grieving families are facing an increase of 75% in probate fees starting next month. Probate involves the legal authority to manage someone’s estate, including their assets and belongings, after their passing.

Currently priced at £300, the probate application fee is set to rise to £526 effective from July 13, pending approval by Parliament. According to the Ministry of Justice, the fee adjustment aims to cover the cost of enhancing services, accounting for inflation, and investing in an efficient and modern probate system.

The last probate fee adjustment took place in May 2024, increasing from £273 to £300. Individuals can apply for probate if named as an executor in a will or if no will exists, the closest living relative can apply.

Typically required for estates exceeding £5,000 in value, probate requirements may vary based on the financial institution holding the assets. In cases of joint ownership, assets automatically transfer to the surviving owner.

In the absence of a will, assets are distributed following intestacy rules. In England and Wales, married or civil union partners inherit the initial £322,000 of the estate. Amounts exceeding this threshold are divided between the spouse and children.

Scotland and Northern Ireland have different inheritance rules. For those interested in creating a will, there are cost-effective options available. Free Wills Month, occurring in October and March, offers free will drafting services, with a voluntary charity donation suggestion. Will Aid, held in November across the UK, suggests donations of £120 for a single will and £200 for a mirror will.

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