Did you know the executor of your will takes 3.99% (inclusive of vat)of the total value of your estate when you die?
3 quick ways to reduce executor’s fees
- Appoint your spouse/family relative/close friend as the executor and they can negotiate the fee with a professional estate administrator.
- Make sure you have beneficiaries on all your life policies, retirement plans and group life cover.
- You can peg the amount of executor’s fees in your will by negotiating a better rate with your executor.