Flat Rate Fee

Our flat rate fee:

FLAT RATE FEE BASED ON THE VALUE OF THE ESTATE

R 1.00 to R 249 999.00

R 3 500.00

R 250 000.00 to R 449 999.00

R 7 000.00

R 450 000.00 to R 749 999.00

R 11 000.00

R 750 000.00 and above

R 21 000.00

Additional charges:

MAY APPLY AFTER LETTERS OF EXECUTORSHIP HAVE BEEN ISSUED

Email correspondence furnishing legal advice after Letters of Executorship have been issued.

R 200.00 per email

Consultations furnishing legal advice after Letters of Executorship have been issued

R 300.00 per 30min

Correspondence furnishing advice and consultations regarding alternative dispute resolution

R 600.00 per 30min

Master’s Fee

Fee as per invoice

Postage and courier services after Letters of Executorship have been issued

Fee as per service providers invoice

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

When are payments to be made?

TOTAL FLAT RATE FEE BASED ON ESTATE VALUE PAYMENT SCHEDULE AMOUNT
R 1.00 to R 249 999.00 R 3 500.00 Initiation Fee R 3 500.00
R 250 000.00 to R 449 999.00 R 7 000.00

Initiation Fee

Estate Finalised Payment

R 3 500.00

R 3 500.00

R 450 000.00 to R 749 999.00 R 11 000.00

Initiation Fee

Estate Finalised Payment

R 5 000.00

R 6 000.00

R 750 000.00 and above R 21 000.00

Initiation Fee

Interim Payment at receipt of Letters

Estate Finalised Payment

R 5 000.00

R 6 000.00

R 10 000.00

  • The Initiation Fee must be paid before reporting the estate to the Master. This is a non refundable deposit which covers costs. Payment of the Initiation Deposit must be made at the beginning as soon as possible.
  • If the estate value is over R 750 000.00 an Interim Payment will be required once Letters of Executorship is received from the Master. This is usually 3 months after the estate has been reported to the Master.
  • The Estate Finalised Payment is made when the Master is notified that the estate has been wound up. This is usually 12 months after reporting the estate to the Master.