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Administration of Estates Act, 1965 (Act No. 66 of 1965)

Regulations

Regulations in terms of Section 103 of the Administration of Estates Act, 1965

8. Tariff of Remuneration of Executors, Interim Curators, Tutors and Curators

 

(1) The executor's remuneration referred to in section 51(1)(b) of the Act shall be assessed according to the following tariff:
(a) On the gross value of assets in an estate: 3,5 per cent;
(b) on income accrued and collected after the death of the deceased: 6 per cent:

Provided that the remuneration in respect of any deceased estate shall not be less than R350.

 

(2) An interim curator appointed under section 12 of the Act shall be entitled to a remuneration of one-eighth per cent on the gross value of the estate under his custody on the date upon which letters of executorship are granted or signed and sealed or upon which any person is directed to liquidate and distribute the estate.

 

(3) The remuneration of tutors and curators referred to in section 84(1)(b) of the Act shall be assessed according to the following tariff:
(a) On income collected during the existence of the tutorship or curatorship: 6 per cent;
(b) on the value of capital assets on distribution. delivery or payment thereof on termination of the tutorship or curatorship: 2 per cent.