New Master’s Fee tariffs for deceased estates, trusts and copies of documents were published in the Government Gazette on 3 November 2017, and will become effective on 1 January 2018.
Most notably the fee in deceased estates, which was last set in 1986, will be increased substantially. Where currently the fee reaches its peak of R600 at an estate value of just over R200,000, estates with a value up to R250,000 will not be liable for a Master’s Fee. Between R250,000 and R400,000, the fee will be R600, and from there onwards a further R200 will be levied for every R100,000 of estate value up to a maximum fee of R7,000 which will be reached at an estate value of R3.6m.
New fees are also introduced for lodgement of trust instruments and for copies of documents in Master’s files.
Click here for a copy of the Government Gazette.