Fixed Cost Estate Fees


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
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
Estate ValuePayment ScheduleFlat Rate Fee
Less than R250 000Section 18(3) Estate Fee
Cost Saving*
R4500
48%
Between R250 000 and R499 999Initiation Fee
Letters of Executorship
Total Cost
Cost Saving*
R5000
R3000
R8000
45%
From R500 000 to R999 999Initiation Fee
Letters of Executorship
Total Cost
Cost Saving*
R9000
R6000
R15000
50%
R1 000 000 or more.Initiation Fee
Letters of Executorship
Total Cost
Cost Saving*
R9000
R16000
R25000
28%

*Cost saving is taking into account the traditional executor’s fee, which is calculated as a percentage (up to 3.5%) of your estate’s gross asset value. This percentage-based model can lead to significant costs, especially for larger estates. This is our standard payment schedule. The Initiation Fee is paid before reporting the estate to the Master. This is a non-refundable deposit. Final Payment is due once Letters of Executorship is received from the Master.

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Payment Schedule and Estate Value

At Siyatec Executors, we offer transparent and affordable flat rate fee services for estate administration, making the process easier and more accessible for a wide range of clients. Our fees are based on the estate value, ensuring that the costs remain reasonable and proportional to the size of the estate.

The payment schedule is divided into two main parts: the initiation fee and the final payment. The initiation fee is a non-refundable deposit that must be paid before reporting the estate to the Master, covering the initial costs of the process. The final payment is due once the Letters of Executorship have been received from the Master. Our standard payment schedule is designed to accommodate estates with varying values. For estates with a value between R250,000 and R500,000, the initiation fee is required, followed by payment for the Letters of Executorship.

For estates with a value over R500,000 but less than R1,000,000, the initiation fee is also required, along with payment for the Letters of Executorship. By offering a flat rate fee structure, Siyatec Executors aims to provide clients with a clear understanding of the costs involved in estate administration.

Our transparent pricing and commitment to client satisfaction make us a trusted choice for estate administration services in South Africa.

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