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<p>The cost of the fee and reasonable expenses incurred by the executor are recoverable
from the estate. Published HMRC data suggests that on average 25% of an estate’s assets
are cash which suggests that these fees are affordable[1]. In exceptional cases where
an executor cannot afford to pay the fee, there are safeguards in place, including
the Lord Chancellor’s power to remit a fee.</p><p> </p><p>As stated in our published
Impact Assessment, it is unlikely that demand will change in response to the planned
fee changes.</p><p>[1] Inheritance Tax Statistics, available here:</p><p>https://www.gov.uk/government/statistics/inheritance-tax-statistics-table-124-assets-in-estates-by-range-of-net-estate-and-tax-due</p>
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