Public Trust Estate Administration
HI all, just wanting to encourage anyone with a public trust will to contact them and get an estimate of what your estate is likely to cost to administer.
I am a little outraged at an estimate of my mothers estate taking 8-12 months to administer with a cost at just under $11,000- .
Mum had cash in the bank and no other material assets having been in hospital level care for around 3 years.
The estate is split equally between 3 children with a token gift to 1 other estranged child which I believe was at their advice when the will was made.
I don't know what it would cost normally but it seems outrageous that cash only could incur that sort of cost.
I'd encourage people to enquire if that seems high, you do have a choice.
I know Mum would be very annoyed at this cost herself had she known.
Thanks, ian
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
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