Mr. Chairman, my understanding is that the question is what the current fees are that we would be waiving. On any particular estate, our fees range upwards of approximately five per cent of the total value of the estate. However, there may be a number of other things that we do on the estate which takes the value of the work well above five per cent. There may be legal actions which may need to be started. There may be income tax returns. There may be all sorts of associated disbursements involved in the handling of the estate. Where it appears that the fees are starting to get too high compared to the actual value of the estate, for example, if we have an estate worth $4,500 and a proper calculation worked out to $1,500, that would seem to be an excessive amount, we would waive or reduce the fees in that particular case, especially if the money was going to a needy beneficiary or someone who did not have much money.
Mr. Pontus on Committee Motion 67-12(3): To Adopt Recommendation No. 2
In the Legislative Assembly on December 10th, 1992. See this statement in context.
Committee Motion 67-12(3): To Adopt Recommendation No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
December 10th, 1992
Page 440
Pontus
See context to find out what was said next.