Thursday, September 19, 2024
Ontario Wills and Estates #LawFact of the Day: Compensation of an Estate Trustee
An Estate Trustee is entitled to be paid for the work they do on behalf of the Estate.
The compensation is 2.5% of each transaction in and of the Estate, and 0.4% of the average value of the estate for each year they act as Trustee.
Estate beneficiaries are entitled to challenge the compensation claimed by the Estate Trustee after the Trustee passes their accounts.
- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment