State Trustees Announces Great Value in New Fee Structure

State Trustees has launched a fairer, new pricing structure for many of its services including Powers of Attorney and Personal Financial Administration, and all new beneficiaries of Deceased Estates, effective 1 July, 2018.

The new fee structure will see a range of price reductions from the current pricing model across different services.

As Victoria’s public trustee, State Trustees has been helping protect the interests of Victorians for generations, and believes that all Victorians should have access to quality services at a fair and affordable price.

“We have a long history of supporting Victorians during difficult times in life and these changes cement our ongoing commitment to continue to deliver optimal value to the Victorian community through our services,” said Stewart MacLeod, Manager of Strategy at State Trustees.

“We have listened to feedback from our clients, and worked hard to drive efficiencies in our operations to enable us to make this change.”

“Although our prices are reducing, our clients can remain confident that our professional standard of service and expertise will be maintained,” he said.

Acting Treasurer, Robin Scott has commended State Trustees’ decision to introduce a more affordable fee structure for its services.

“The reduction of fees for some of the State Trustees’ key services will help reduce the pressures facing many of their clients and deliver savings to Victorians,” he said.

The new pricing structure will benefit all current and new clients of our Powers of Attorney and Personal Financial Administration services, and the new rates will apply to new beneficiaries of Deceased Estates starting administration from 1 July onwards.

For more details on State Trustees’ services and new fees, click here.