The recently proposed tiered structure for probate fees threatens to undermine other improvements made by the government to inheritance tax (IHT), adviser Trystan Lewis has warned.
The Griffin Wealth Management chartered financial planner said the new probate fee structure amounted to just "another form of taxation", which would increase the burden on consumers. He said: "It's come in at a time when the government have improved the IHT situation with the residence nil-rate band but at the same time they've increased these probate fees. "So they've given us something on the one hand and then taken something away." He added: "No one wants to see increased fees. When you take into account IHT, solicitor fees for probate and the new probate fees, it can suddenly ...
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