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ARTICLE · 13 DECEMBER 2017

Increase In BVI Probate Fees

The Eastern Caribbean Supreme Court (Court Proceedings Fees) (Virgin Islands) Rules, 2017 (the New Rules) impose new fees for non-contentious probate applications and replace the old fees ...

British Virgin IslandsWealth Management

The Eastern Caribbean Supreme Court (Court Proceedings Fees) (Virgin Islands) Rules, 2017 (the New Rules) impose new fees for non-contentious probate applications and replace the old fees which had applied since the 1980s.

The new fees apply to all grant applications submitted on or after 1 November 2017 irrespective of the date of death of the deceased.

The higher fees imposed under the New Rules are yet another reason for clients holding shares in BVI companies and other BVI assets in a trust rather than personally in their own name.

In the past, the total filing fees for a grant application was nominal and was usually within US$100. 

However, under the New Rules, the amount has increased quite substantially and the categories of fees have been expanded as well.  For example, for an estate with a value of more than US$5,000, the filing fee for declaration of value is increased from US$20 to US$1,000.  Also, there used to be a standard fee of US$3 per

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