The fees charged by the Public Trustee are set by section 74(2) of the Public Trustee Act 1979.
All fees are subject to annual review, with any changes taking effect from 1 July each year.
Our current fees and charges are outlined below.
| Wills | |
|---|---|
| Simple will - naming Public Trustee as executor | $149 |
| Complex wills* | $373 |
| Wills for Concession Card holders | $30 |
| Change to existing will prepared by Public Trustee in last 10 years | $74 |
| Estates administration | |
| Tiered commission rate charged on the total value of estate assets | |
| First $200,000 worth of assets administered ($0 to $200,000) | 4.4% |
| next $200,000 worth of assets administered ($200,000 to $400,000) | 3.3% |
| next $200,000 worth of assets administered ($400,000 to $600,000) | 2.2% |
| Assets over $600,000 administered | 1.1% |
| Commission on income received for an estate | 6.6% |
| Minimum charge for administration of deceased estate | $746 |
| Transfer asset to surviving joint tenant | |
| Asset Value <$5,000.00 | $149 |
| Asset Value >$5,000.00 | $298 |
| Trusts management | |
| Trusts with a defined termination date** | 1.1% of the capital |
| Trusts with no defined termination date other than death** | 2.2% of the capital |
| Commission on income received | 6.6% |
| Commission on pensions-based income received (such as Centrelink) | 0% |
| Storage of personal effects | |
| Inspecting, reporting on and collecting personal property from estate of a deceased person | $224 per inspection |
| Storage – per month per cubic metre or part thereof | $11 |
| Miscellaneous | |
| Rent collected via Real Estate Agent | 3.3% |
| Locate next of kin, beneficiary or owner of unclaimed property | $746 or 5.5% whichever is greater |
*Note: for more information about the types of wills the Public Trustee prepares, read making a Will .
**Note: capital is only charged for new trusts with a value over $40,000.
GST is applied to Public Trustee fees and commissions. The above fees quoted are GST inclusive.