EXECUTOR FEES AND CHARGES

The Public Trustee's charges are set by the NSW Parliament. Capital commission is charged on the gross value of all the assets in the sole name of the deceased. Joint assets, such as bank accounts or a house held as joint tenants will not attract commission. Commission is charged on a sliding scale at the rate of:

Value of Assets	% Fee Payable (inclusive of GST)
Up to $100,000	4.4
From $100,001 to $200,000	3.3
From $200,001 to $300,000	2.2
$300,000 and above	1.1

For instance, fees charged for the following estate values are:

$500,000	= 2.42%
$750,000	= 1.98%
$1,000,000	= 1.76%

In instances where the matrimonial home is held in the sole name of the deceased, or where roll-over monies are held in Approved Deposit Funds  and the surviving spouse will inherit, a reduced commission will apply if the value is over $100,000. If the value is less than $100,000 there is a minimum fee of $1,100 or 2.2% of the value (whichever is the lesser)

The minimum charge for administering an estate is $200.00.

Also charged is an account keeping  fee of $8.80 per month, and a $121 lodgment fee and $121 per hour for taxation returns. There are also out of pocket expenses for photocopying, phones, and postage.

Charges also apply if additional work is required for resolving disputes.

Assets realized are invested in the Public Trustee's Common Fund and earn interest. When it comes to distribution of an estate interest earned from the Common Fund can considerably offset the cost of estate administration.

Who Can I Contact?

If you require further information on our fees and charges please call 1300 364 103 or complete our contact form.