Section 6Part 0 —
Commission to be paid to personal representatives
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A personal representative shall be entitled to, or if there are two or more personal representatives shall be entitled to share equally, a commission on the net value of the estate, in the following scale —
For the first $100,000 net value 3 per cent
For the next $100,000 net value 2 per cent
For the balance 1 per cent
Subject to a minimum commission of $300:
Provided however that, where a testator has by that testator’s will directed that the
testator’s executor shall be paid for the executor’s services or has made a devise or
bequest to the testator’s executor in lieu of the executor being paid for the executor’s
services, such executor shall not be entitled to claim any commission under this
section unless the executor shall file a renunciation of the executor’s claim under the
will within ten days of the grant of probate or letters of administration and elects to
be paid the commission allowed by this section in lieu thereof.
Referenced By
- Section 2 — Definitions
Reference in definition of 'administrative expenses'