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The job of a probate executor is often a thankless task, met with impatience and suspicion by the beneficiaries of the estate. In addition, executors and trustees have traditionally been expected to perform their duties free of charge!
One would think - why would anyone agree to be an executor for probate?
For most, it is a sense of duty to their friend or family member. Despite this, the law recognises that if executors or administrators were not compensated for their work many would simply renounce their role once they discover what being an executor or administrator actually entails. As a result, the section 86 of the Probate and Administration Act 1898 allows for executors and administrators to be paid executors commission for their efforts.
Executor’s commission, or administrator’s commission, is a discretionary estate payment to Probate executors or estate administrators as compensation for the “pains and troubles” they’ve gone through in administering the estate.
National Probate and Estates Group is the largest law firm provider of grants in New South Wales.
We will assess your estate and the work you have done as an executor to get you more compensation for your efforts. Get in contact for a free assessment with us and start your claim today.
Level 15, Westfield Tower 2
Bondi Junction, 2022
167 Macquarie Street
10 Help Street
30 Cowper Street
PO Box 988
Bondi Junction, NSW, 1355