I was appointed executor of my late father’s estate. He was a wealthy man, with much property. My sister and I are his sole beneficiaries. I am just about to finish my administrative duties regarding the estate and planned to apply to the court for payment to cover my services. Can I request a high fee because of the large amount of work involved ?
By: דיאנה שאלתיאל•Published on: 13 May, 2022No ! In the late 1960’s the Supreme Court held that a distinction should be made between a person’s share of an inheritance, which is free of tax, and his fee as an executor of the estate, which is taxable as it is income arising from a job or post . Accordingly, tax considerations should be weighed up before an application is made to the court for a fee for services as executor of an estate. Furthermore, the level of the fee set does not depend on what the executor himself asks for – but on the amount of work actually involved, and is at the court’s discretion, up to a maximum figure set in the regulations.