Ascertaining the Residue

Question 1

Before distributing the residue to residuary beneficiaries, what must the PRs calculate for which they are responsible for and to withhold an amount to cover liability?

Answer 1

Tax liability

Question 2

Generally, can PRs charge for acting as such?

Answer 2

No - minus a couple of exceptions

Question 3

What are 2 exceptions to the rule that PRs cannot charge for acting as such?

Answer 3

1. Will authorises it
2. Agreement by the beneficiaries