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
No comments:
Post a Comment
Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Wise Law Blog and the writers thereof. Readers whose comments violate the terms of use may have their comments removed without notification.