Estate Planning Essentials – Executor’s Fees

The Administration of Deceased Estates Act allows an executor to charge fees up to an amount of 3,99% (including VAT) on the gross asset value of the estate.

Clients typically do not negotiate executors’ fees upfront, but rather leave surviving family members to deal with this issue after death – if at all.  Most executors will only consider a reduced fee if requested by the beneficiaries. Read on