Total Flat Rate Fee Based on Estate Value
Payment Schedule
Amount
Under R 250 000
R 3 500
Section 18(3) Estate Fee
R 3 500
Over R 250 000 but less than R 750 000
R 10 500
Initiation Fee
Letters of Executorship
R 6 000
R 4 500
Over R 750 000
R 21 000
Initiation Fee
Letters of Executorship
R 6 000
R 15 000
- The Section 18(3) Estate Fee for estates under R 250 000 must be paid at the start of the process.
- R 6 000 initiation is payable at the start of the process for all estates over R 250 000.
- The balance of the fee is paid once Letters of Executorship are receipted. Letters of Executorship are issued within 3-6 months after the estate has been reported to the Master.
Flat Rate Fee includes
- Taking instructions and furnishing advice in respect of reporting the deceased estate to the Master
- Preparing and finalising reporting documents
- Attendance to Master’s queries prior to issue of Letters of Executorship
- All necessary administrative correspondence and meetings
- Notice to Creditors advertisement
- Preparing and finalising the Liquidation and Distribution account
- Attendance to Master’s queries in respect of the Liquidation and Distribution account
- Liquidation & Distribution Account advertisement
- Notice to the Master advising that the deceased estate has been finalised
Flat Rate Fee does not include
- All items included as Additional Charges
- Conveyancing transfer fees of property
- Accountant fees if this is required
- Dispute resolution and litigation fees
- Debts of the deceased person
- Master’s Fee
- Tax liabilities of the deceased person