Executor's Commission & Estate Accounting

Overview

Executing an estate can be a demanding and time-consuming responsibility. Executors often devote many hours to managing assets, handling paperwork, dealing with beneficiaries and resolving financial matters. In recognition of this work, an executor may be entitled to claim commission or seek reimbursement for their efforts.

We provide clear guidance, practical support and professionally prepared estate accounts to help executors navigate this process with confidence.

Executor's Commission

As an executor, you may be able to claim compensation for your "pains and troubles" — the work involved in administering an estate. In some cases, a will may include a legacy or specific benefit to the executor as an alternative to paying commission. In other situations, the executor and beneficiaries may agree on a commission amount privately.

If the beneficiaries are unable or unwilling to agree to a commission, the executor may need to:

• Prepare detailed estate accounts
• File those accounts in the Supreme Court
• Seek an order passing the accounts
• Apply to the Court for commission

We assist executors at every stage of this process — preparing the accounts, assembling supporting documents and lodging a complete and accurate application.

Estate Accounting

Estate accounting involves creating a clear, chronological record of all money received and spent by a deceased estate. This includes reviewing bank statements, rental income, dividends, investment information and other financial records, then combining them into a complete and accurate account.

Preparing these accounts can be complex and time-consuming, particularly where there are multiple assets, numerous transactions or incomplete records.

Our firm specialises in preparing detailed, accurate estate accounts that are ready for Court submission. Executors benefit from having professionally prepared records, especially in estates where disputes, complex assets or commission claims are involved.

Many solicitors seek our guidance on estate accounting because our method has been refined over decades of dedicated practice. If you are acting as an executor — or advising one — our estate accounting service can provide essential support.