You will receive services from a team of highly skilled professionals who specialise in Wills, deceased estate administration, trust law and financial administration.
Estate Administration Fees and Charges:
(From 1 January 2020)
If you own assets (say, your house, or land) as a joint tenant | 0% |
If you have solely-owned assets which are classed as ‘matrimonial assets’ and which are transferred to your surviving spouse or defacto partner – for example the family home, motor vehicle, household effects and furniture | 2.2% |
If assets held in your sole name are realised or transferred to a beneficiary the following fees apply: | |
On the first $200,000 or part | 4.5% |
On the next $200,000 or part | 3.5% |
On the next $200,000 or part | 2.5% |
On amounts above $600,000 | 1.5% |
A minimum fee will depend on the complexity of the estate and range from $1,500 to $4,500.
Income Commission
The Public Trustee charges 6.6% commission on the receipt of all income such as interest, dividends, pensions and rental income (where the Public Trustee is managing the property). 3.3% commission is charged on rental income where the Public Trustee is not managing the property.
Investment Management Fee
A 1.1% investment management fee may apply to invested funds not directly managed by the Public Trustee.
The following fees and charges may apply:
- account keeping fee ($13.50 per month);
- domestic cheque drawing ($6.00) and direct credit ($3.20);
- international bank transfers ($24.00) and international bank drafts ($32.00), excluding any 3rd party transaction and processing fees;
- investment review fees for developing an investment strategy for the client portfolio. The fee charged is dependent upon the complexity of individual circumstances;
- depending on the complexity of the matter a fee will be charged for the preparation and lodgment of income tax returns and other taxation services including the establishment of the acquisition details of assets for capital gains tax purposes;
- fee for conveyancing and other services provided in relation to the sale, purchase or transfer of a property; and/or
- work of a particularly complex nature not covered above will be charged at an hourly rate.
Legal Services
Services provided by our legal practitioners are charged at a rate determined by the Public Trustee but not exceeding the maximum hourly attendance rate set out in the Supreme Court Rules 2000.
More Information
For more information about our potential out-of-pocket expenses, please download our Out of Pocket Expenses information sheet.