PERSONAL REPRESENTATIVE FEES IN ALBERTA
Personal Representatives are permitted to charge a reasonable amount to the Estate for carrying out the duties and responsibilities associated with this assignment. If the deceased identified a specific amount to charge for Personal Representative fees in the Will, a Personal Representative may not charge the Estate in excess of that amount.
The reasonableness of the fees charged by a Personal Representative may be determined by a number of factors, including the value of the estate, the complexity of the duties and the amount of time spent by the Personal Representative. If there are more than one Personal Representative administering an Estate, the total amount charged for Personal Representative fees must be split among all the Personal Representatives.
Here are some other things to consider about Personal Representative fees:
- In certain circumstances, Personal Representative fees may be paid during the course of administering the Estate.
- Personal Representatives are allowed to be reimbursed for any out-of-pocket expenses they may incur in carrying out their duties.
- If a lawyer or other agent performs some or all of the duties of the Personal Representative, the amount payable to the Personal Representative must be reduced accordingly by the appropriate commensurate amount.
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