In the Estate and Personal Trust Services division, the PGT provides estate administration and personal trust services, including administering estates, acting as trustee and managing the property of missing persons. The PGT charges fees for these services. Please note 5% GST is applicable to all fees.
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The PGT can administer an estate when the executor, intestate successor, beneficiary or other eligible person is not able or willing to do so.
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Fee
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Amount
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Capital commission
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7% of the total assets
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Capital commission on sale of real
property with an agent
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5% of the gross sale price
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Capital commission on real property
conveyed to beneficiary or heir
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3% of the gross value of the property
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Minimum capital commission
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$3,500
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Income commission
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5% of all income received and income earned on it
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Asset management fee (AMF)
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0.7% per annum, computed monthly, on the gross
value of all assets
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Identifying, locating and proving
heirs
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$75/hour
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The PGT may administer an estate when the PGT is named executor in a will of a deceased person. The role of the executor is to administer the estate under the terms of a will. The PGT can be appointed by the court to act as curator for a missing person. The role of curator is to manage the missing person’s property until they are located or until the funds are paid into court for safekeeping.
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The PGT may act as trustee of a personal trust created by a will, trust agreement, or court order if options to appoint a family member or trust company as trustee are not appropriate. As trustee, the PGT invests and administers the trust, and responds to requests for expenditures.
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