May 11, 2012 admin

3 quick ways to reduce executor’s commission on your death

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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

  1. Appoint your spouse/family relative/close friend as the executor and they can negotiate the fee with a professional estate administrator.
  2. Make sure you have beneficiaries on all your life policies, retirement plans and group life cover.
  3. You can peg the amount of executor’s fees in your will by negotiating a better rate with your executor.
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