Cap. 10activeordinance

Probate and Administration Ordinance

遺囑認證及遺產管理條例

Full legislation

s.60

Allowance of remuneration to executor, administrator or attorney

(1)
Subject to subsection (2), the court may allow to any executor or administrator, including an administrator appointed pendente lite under
section 40
(or to a person acting under a power of attorney as attorney for an executor or administrator in the matter of the sealing of a probate or administration under Part IV or in the matter of the realization and administration of an estate under a probate or administration so sealed) such remuneration out of the estate of the deceased person as the court thinks fit.
(2)
(a)
No allowance shall be made to any executor or administrator or attorney who neglects to pass his accounts at such time, or to dispose of any moneys, goods, chattels, or securities with which he is chargeable in such manner as may be required by probate rules and orders.
(b)
No such remuneration shall exceed five per cent on the first
                    $1,000,
                    two and a half per cent on the next
                    $4,000
                    and one per cent on the balance of the gross value of all property of whatsoever
                    nature administered.
(Amended
E.R. 5 of 2020
)