Administration of Deceased Estates

There is no set fee for an Estate but set out below is an indication of the likely costs based on many years of experience. The work involved in any Estate is very similar no matter what its size but those which are larger carry a greater level of responsibility and therefore the fees charged increase to take that into account.

Whether giving an estimate of the likely costs at the commencement of administering an Estate or in deciding what the bill will be taking into account all relevant factors on completion (or on an interim basis) the following guidelines will be used;

For an Estate worth less than $100,000
1.5% of the value plus an amount equal to one half of the value of the time / costing incurred. Therefore, the fee is likely to be a maximum of $1,500 plus, say, $500 — $1,500.
For an Estate worth $100,000 — $200,000
1.25% of the value plus an amount equal to one half of the value of the time / costing incurred. Therefore, the fee is likely to be a maximum of $2,500 plus, say, $1,000 — $1,500.
For an Estate worth $200,000 — $300,000
1% of the value plus an amount equal to one half of the value of the time / costing incurred. Therefore, the fee is likely to be a maximum of $3,000 plus, say, $1,000 — $1,500.
For an Estate worth $300,000 plus
0.5% of the value plus the total time incurred on a time and attendance basis.
Therefore, the fee is likely to be:
  1. For an Estate worth $301,000
    $1,500 plus, say, $2,500 — $3,500 i.e. $4,000 — $5,000
  2. For an Estate worth $500,000
    $2,500 plus say $2,500 — $3,500 i.e. $5,000 — $6,000
  3. For an Estate worth $1,000,000
    $5,000 plus say $3,500 — $4,500 i.e. $8,500 — $9,500

The above percentages will likely reduce if the Estate involves a life interest and will therefore require winding up on the termination of the beneficiary’s interest.

Over and above the above fees we charge for any conveyancing necessary on the sale of any properties at our standard rates and on our standard basis.