17-07-2019, 08:59 AM
41
Re: Wills and Executors
Originally Posted by Zuleika
->
How do you reimburse an executor for their services ? Do you give them a financial gift upfront?
Or ?
to put your mind at rest, an executor can only claim for out of pocket expenses from the estate , such as transport cost -postage for example. it is up to the beneficiary if they want to give something
17-07-2019, 02:16 PM
44
Re: Wills and Executors
Re executors can only claim expenses ?So put yourself in my position , the executor doing all the arranging and paperwork needs to be reimbursed for time and expenses , but I want to bequeath a gift of money too .
How much would YOU think a reasonable sum ?
17-07-2019, 02:36 PM
45
Re: Wills and Executors
Originally Posted by Zuleika
->
So put yourself in my position , the executor doing all the arranging and paperwork needs to be reimbursed for time and expenses PLUS a gift of money ,in my opinion . How much would YOU think a reasonable sum ?
One that has trust funds to set up dealing with shares and stock brokers and involves solicitors for the legal work.
Or consider a house sale is involved with estate agents solicitors etc is going to take a lot more work for an executor to deal with
Then again finding people named as beneficiaries who may have moved -died would cost paying researchers in an effort to find them
An executor of a will is usually considered by the person who has passed away a close friend or relative and not expect them to be on the make, only to cover their expenses.
17-07-2019, 02:52 PM
46
Re: Wills and Executors
Originally Posted by Zuleika
->
Re executors can only claim expenses ? So put yourself in my position , the executor doing all the arranging and paperwork needs to be reimbursed for time and expenses , but I want to bequeath a gift of money too .
How much would YOU think a reasonable sum ?
17-07-2019, 02:57 PM
47
Re: Wills and Executors
MuddyAn executor is there to carry on the deceased persons wish. It is not up to them to bequeath any money from the estate.
If it is the executors own money they wish to give in memory then nothing wrong doing that
,
As to how much? that depends on the relationship be it friend or relative and how much they think of the deceased person
My sister and I are still having to deal with our parents last wishes and they passed back in the1980's, all to do with trust funds and thieving appointed solicitors
17-07-2019, 03:13 PM
48
Re: Wills and Executors
Originally Posted by Muddy
->
How much do you like them ?
.The main beneficiary will be a long time companion .
No properties to dispose of so such an uncomplicated will .
17-07-2019, 03:30 PM
49
Re: Wills and Executors
Originally Posted by Zuleika
->
Wouldnt have chosen her if I didn’t like her and trust in her skills .The main beneficiary will be a long time companion .
No properties to dispose of so such an uncomplicated will .
If arranging a funeral cost and wake was incurred it all adds up to making a legitimate claim. The actual cost of the funeral usually comes out of the estate.
The real people to ask are funeral directors, they are answering these type of question day in day out
| Thread Tools | |
|
|
