What Are the Most Affordable Alternatives to Using the Public Trustee for Wills and Estate Management in Australia?
Many Australians choose the Public Trustee believing it is free. It is not. In this video, Kevin explains how Public Trustees typically charge a percentage of the estate plus ongoing administration fees, and why appointing a private executor is usually far more affordable. In the video above, Kevin covers how that executor, whose role is unpaid unless the Will says otherwise, can engage professionals on a fixed-fee basis. For what that costs in practice, watch our answer on fixed-fee probate versus a traditional lawyer.
Read the video transcript
Many Australians choose a Public Trustee in their respective state believing that it’s free, but it isn’t. Public Trustees often charge a percentage of the estate and ongoing administration fees. By comparison, a private executor can be appointed whose role is unpaid unless the Will says otherwise. That executor can then engage professionals to assist with the probate application and the administration of the estate. Willed Law can also provide a fixed-fee quote for defined estate administrative services. For most estates, a private executor utilising fixed-fee services is a much more affordable option.
Need a hand?
Willed’s team helps Australians with this every day.
You might also wonder
