A recent decision saw an executor, who sought to charge
£27,000 for administering an estate valued for probate at
£1.9m, denied any recompense. It is an extreme, yet salutary,
lesson that agreements about charging should be clearly documented
from the outset.
Background
Charalambos Gavriel died in May 2016. He appointed Hope Davis as
his executrix and left his estate to his two sons, Nicholas and
Tryfon.
Most wills contain provision for a professional executor to
charge fees. Some wills allow a lay executor to charge a reasonable
fee to compensate for time. What is ‘reasonable’ can
often be a cause of dispute.
However, Charalambos’ will did not contain a charging
clause.