Many (most?) lawyers will charge their typical hourly rate to be an Executor.
That fee reflects the time and skill, and the costs (including insuring!) of assuming the legal liabilities of the executorship.
--> As to wills being as you say "...simple and straightforward..."
---> That's often true. But if it was always, automatically, and universally, true,
then the extensive legislation, and 700-or-so years of caselaw, would not exist.
That fee reflects the time and skill, and the costs (including insuring!) of assuming the legal liabilities of the executorship.
--> As to wills being as you say "...simple and straightforward..."
---> That's often true. But if it was always, automatically, and universally, true,
then the extensive legislation, and 700-or-so years of caselaw, would not exist.
Generally their usual charging rates. If it is a straightforward estate like you say, appointing a child might be fine, it just depends on your circumstances. E.g. how many kids do you have, do they get along, are you excluding any, is there a risk of a claim? There is often more work to do than people realise as well: notifying everyone one that you have passed away and closing accounts including banks, government bodies, super funds, insurers, ambulance cover, share registries, and utility suppliers.