There are certain services that may be required when you lose a loved one, including estate administration, which is dividing up your assets, debts, and other property with the help of an attorney who specializes in these matters. However, because there are many variables that can come into play, such as the size of your estate and whether it’s being transferred to multiple parties or not, the price tag on getting this service done can vary from one state to another. Learn more about what estate administrators charge in Namibia by reading on!

Types of estate administration services

Estate administration is settling a person’s estate or property after their death. The estate administrator typically takes care of tasks such as determining the value of the estate, paying any debts and taxes, and distributing any assets to heirs.

Why use an estate administrator?

Estate administrators are professionals who can help an executor carry out the wishes of the deceased. They will take care of all aspects of an estate, from gathering and appraising assets to paying taxes and distributing property. If you’re just exploring what it’s like to be an executor, here are a few reasons estate administrators can make the process much easier:
– You’ll know everything is being taken care of legally.
– They’ll ensure your tasks get done in a timely manner.

Fees charged by estate administrators in Namibia

Estate administrators will charge a fee for their services. The fee is typically calculated as a percentage of the deceased’s estate, with rates ranging from 1% to 10%. The amount of the fee is determined by the size and complexity of the deceased’s estate. A large estate with important assets may be more complicated to administer than a small, simple estate. For this reason, larger estates will incur higher administration fees.

Estate administrator’s fees range from N 10,000 – N100, 000depending on how large or small the estate is and the beneficiaries involved.