WILLS AND ESTATES : COST OF DYING RISES WITH MASTER’S FEES INCREASE

If you are inheriting from someone who passed away on or after 1 January 2018, don’t blame the estate’s executor for one substantially-increased cost you may notice – Master’s Office fees.

They are calculated on the value of the deceased estate and were long overdue for an increase, going up sharply from the old maximum of R600 to a new maximum of R7,000 (which will apply to any estate of R3.6m or more).

See the table below for details :

 

 

 

 

 

For more information, contact Bardine Hall at Goldberg & de Villiers Inc on 041 501 9800.

Credit: LawDotNews