The Financial Conduct Authority has issued a warning about pre-paid probate plans, which are unregulated in the UK.

The Government has released a consultation into measures that will see probate fees increase from £155 for probate professionals and £215 for individuals to a flat rate of £273 for all applicants.

National financial adviser LEBC Group has hit out at the Government over plans to change the way Probate is calculated.

Plans unveiled by the Ministry of Justice last night to change the way probate is charged have been branded “extortionate” and a “stealth tax.”