I have recently learned that I have been appointed joint Executor to a will for an elderly
neighbour of mine.
Having read the will I notice that no reference is made to any remuneration being paid
to either of us to carry out this task.
I am aware that the other Executor would not have the first clue as to what action to take
in regard to fulfilling his role so all the work, which is considerable, will be undertaken by
myself.
I recall that when my Grandmother passed away she specified a sum of money to be paid
to myself to carry out my Executrix duties. She said that she understood if no specific
amount was stated in her will then I would have to undertake the duties for nothing.
My question is therefore fairly obvious.
Can I charge the neighbours Estate for carrying out these duties even though no reference is made in her Will to remuneration?
Obviously if this was a family task things would be different but carrying out work for
nothing for a rich neighbour just doesn't seem fair.
Many thanks in anticipation for your reply.
Alcan
Yep - you can be paid your out of pocket expenses but cannot be paid for your time.
Were you asked if you would be an executor? It seems a bit 'off' just to appoint you and tell you afterwards.
Your 'expenses' could be the cost of appointing a solicitor to do the job. If the other executor is not up to the job it may be the best idea - other than renouncing executorship when the time comes.
so sorry but if there is nothing in the will then you can only charge for expenses incurred. I am in exactly the same position, you should keep records of everything you spend and present them to the solicitor before he/she pays out to the beneficionaries though they can query your expenses. A sickener isnt it?