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Executors Commission?

January 13, 2016 By

Executors are entitled to a reimbursement of out of pocket expenses they incur in carrying out their duties as an executor and a commission so as to reimburse them for their time and efforts.

If there is no amount specified by a Will, then the consent of all beneficiaries affected will be required, otherwise the commission will need to be approved by the Supreme Court.

The Supreme Court may use an indicator that is published from time to time as a guide to what commission an executor is entitled to but in summary it will depend heavily upon the actual complexity and involvement of the executor’s own personal time and effort.

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  • Home
  • About
  • Focus
    • Estate Planning
      • Probate
      • Estate Administration
      • Inheritance Claims
    • SuperAnnuation & Death Benefits
    • General Commercial Drafting & Transactions
    • Family Law
      • Family Law Property Settlement
      • Family Law – Childrens Matters
    • Conveyancing and Form 1 Preparation
  • Team
    • Greg Welden
    • Jason Coluccio
    • Maddalena Romano
    • Joanna Diamantopoulos
    • Natalie Rossi
    • Anna Arace
  • News
  • Contact