Back to home

Does the Public Trustee deduct its fee before paying out the estate monies to the beneficiaries?

Updated by MLAW

Yes, the administration fee, mandated by law, is deducted from the deceased's estate monies before the distribution is made.  

The fees chargeable under the Public Trustee (Fees) Rules 2010 for the administration of estate are:

Value of Estate

Charge

For the first $5,000

6.50%

For the next $2,000

6.00%

For the next $3,000

4.25%

For the next $10,000

2.75%

For the next $30,000

2.25%

The fees include GST and cannot be waived.  A minimum fee of $15 is chargeable.

Topics:

Public TrusteeDeceased Person's Estate

Related questions

What are the criteria and fees charged for estate administration?

mlaw
4

What are the fees charged by the Public Trustee for the distribution of un-nominated CPF monies?

mlaw
1

How are the Public Trustee's fees paid?

mlaw
1

Are there any fees for making a claim against bona vacantia estates?

mlaw

Need more help?

Describe your issues to us.

Contact us