During the administration of estates, there are typically many concerns over the cost of probate. “Probate” is an outdated term referring to Estates Administration Tax payable to the Minister of Finance. This amount of tax depends on the value of the estate. The Estates Administration Tax calculator provided by the Ministry of the Attorney General can help you to get a rough idea of how much Estates Administration Tax that the estate will have to pay. You can also read more about Estates Administration Tax by clicking the link provided to the Ministry of Finance webpage. Though the Estates Administration Tax calculator can give you an estimate of the amount of tax an estate will be responsible for, it should not be relied upon to be completely accurate. It is advisable to consult a legal professional to be sure that all estate assets are being properly accounted for.
