Our team is highly experienced in delivering high quality work in all matters relating to Wills and Estate Administration. The team has particular expertise in dealing with high value estates and inheritance tax matters.
Our Wills and Probate team is headed by Lucy Yeomans who is based at our Abergavenny office together with Alun Jones and Rachel Smith .
Sabrina Davies is based at our Cardiff office along with Mark Evans and Jessica Parry is based at our Newport office .
Martyn Prowel Gartsides offer a range of fixed fees to suit particular circumstances and these vary depending on whether Inheritance Tax ( IHT ) is payable by the estate .
In England and Wales, estates generally become taxable when their total value exceeds £325,000 (the “nil-rate band”). Above this threshold, Inheritance Tax (IHT) is typically charged at 40% on the excess.
The tax-free threshold can increase in specific situations:
- The Residence Nil-Rate Band: If you leave your main home to your direct descendants (like children or grandchildren), the threshold increases by up to £175,000, bringing the total tax-free amount to £500,000.
- Spouses and Civil Partners: Any unused threshold can be transferred to a surviving spouse or civil partner. This can raise their combined tax-free threshold up to £1,000,000
Example Fixed Fee Ranges
Option 1
Obtaining Grant of Probate only – fixed fee of £1500 plus VAT (£1,800 inclusive ) for non taxable estates
Option 2
Obtaining Grant of Probate only – fixed fee £2,500 plus VAT ( £3,000 inclusive ) for taxable estates
Option 3
Full Administration of Estate service for non taxable estates – £3000 to £5000 plus VAT (£3,600 to £6,000 inclusive) (minimum £3,000 plus VAT)
Option 4
Full Administration of Estate service for taxable estates – £5,000 to £9,000 plus VAT ( £6,000 to £10,800 inclusive) depending on complexity (minimum £5,000 plus VAT).
Disbursements include:
- Probate Registry fee £526 plus £2 per copy
- Financial Asset Search £185
- Statutory notices from £200
- Bankruptcy searches £6 per beneficiary
Please do not hesitate to contact one of the team if you require any further information.
Our charges are based on the time spent dealing with a case. The fixed fee covers everything in our initial scope of work. Should unexpected complications arise and we have to spend more time working on the file than we originally envisaged to complete the work you have instructed us to undertake then we will give you details of what additional work is involved and provide an estimate of additional costs. We will do this before carrying out work beyond the initial fixed fee. We will never incur additional costs without discussing this with you first and obtaining your approval.
The Solicitor and Director of this Firm with final responsibility for work done in this department will be James Lynch.