Wills and Estate Charges

(as at 21 November 2011)

Wills and Powers of Attorney

• For standard Wills, $275.00 for a single Will, $412.50 for Wills for a couple.*
• Non standard Wills (including those involving a discretionary testamentary trust) are charged at an hourly rate of $275.00.
  
  Where (with the permission of the client) an external solicitor is engaged, that solicitor will invoice the client directly using the solicitor’s scale of fees.
  
• For Powers of Attorney, $165.00 for a single power of attorney (financial or medical), $275.00 for powers of attorney (financial or medical) for a couple.*
  
  * In most cases taking instructions, preparing and executing the documents takes up to 2 hours for a single Will and up to 3 hours for a couple, where all meetings occur in our office. If we anticipate that it will take longer than this we will provide you with an estimate of the cost before we provide the service. Where a meeting occurs away from our office, travel time will be charged at an hourly rate of $275.

Estate and Trust Administration

(applicable if Sandhurst Trustees Limited is appointed as an executor, administrator and/or trustee)

Capital commission:		Litigation Scale ^
Where the gross value of the estate does not exceed $500,000	5.50%	5.50%
On the next $500,000	4.40%	5.50%
On the next $500,000	3.30%	3.30%
On any amount in excess of $1,500,000	1.65%	1.65%
Income commission	6.60%	6.60%
Annual Administration fee on Perpetual Trusts on gross value (in lieu of income commission)		1.056% p.a.
Sundry Common Fund annual common fund administration fee on the gross value of the trust’s assets in the fund		1.100% p.a.
Sandhurst, in the proper performance of its duties, may recover, charge and deduct from the Sundry Common Fund all charges, fees and costs, duties, taxes or other similar expenses actually and properly incurred by it in administering the Sundry Common Fund. These costs and fees are referred to as disbursements.
Testamentary (continuing discretionary) Trusts including inter vivos Trusts (being discretionary trusts established during the settlor’s lifetime) - subject to negotiation and agreement in the Will or trust instrument, however generally Sandhurst Trustees reserves the right to charge the greater of income commission (6.6%) or 1.1% of the gross assets of the trust per annum.
^ The litigation scale applies where any dispute arises with respect to the estate by which the executor or trustee becomes a party to legal proceedings in any forum.

 

Power of Attorney or Agency Agreement Administration

Establishment Fee (once only)	$1,375.00
Annual administration Fee
Where the gross value of the donor’s assets does not exceed $200,000	1.925%
On the next $300,000 to $500,000	1.375%
On any amount in excess of $500,000	0.990%
Minimum Annual Fee (50% is charged at the commencement of the service, and then 50% is charged every 6 months thereafter)	$2,750.00

Other traditional trustee company services undertaken by Sandhurst Trustees

For all other tasks undertaken by Sandhurst Trustees that are not covered by the above scales of fees, including the preparation of deeds or the establishment and administration of trusts, an hourly fee of $275 will apply.

Other fees and charges

Sandhurst Trustees may also charge you fees which are required to be paid to third parties in connection with the traditional trustee service it provides to you. For example, these fees may include (amongst others) agent fees, court fees, Land Registry fees, lodging fees, or accountancy fees. These fees are set by the relevant third party and may change over time.

All charges include GST (unless specified) but do not include disbursements.

Note: The Fees & Charges above are maximum rates and may be varied at the company's discretion.

 

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