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Wills and Estates: Cost of dying rises with Master’s Fees increase

Apr 3, 2018
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