TSEM6040 - Legal background to trusts & estates: paying executors
Executors are not entitled to remuneration, unless the will specifically provides for this. If it does, the recipient바카라 사이트™s status determines whether the payment is net of tax.
The executor is a professional
The payment is an expense of administration. No income tax is deducted.
The executor is not a professional
The payment is a charge on the estate. It is paid net of income tax.
A non-professional executor employs a professional agent
The payment is an expense of administration. No income tax is deducted.