Bigras Estate (Re)
Accounts are passed with adjustments: Newport Law Corporation fees are excluded from estate liabilities pending further determination and to be borne by the executor for now; executor must reimburse the estate interest on monies used from the Joint Account at the registrar's rate; executor's total remuneration is fixed at $6,700 (approximately 2% of the gross aggregate estate) with no separate income or care and management fee; costs of the petition and reference are to be paid from the estate as special costs subject to assessment or agreement and judicial confirmation of the registrar's recommendation.
- Citation
- 2011 BCSC 950
- Parties
- Petitioner: Tony Alex Georges Bigras; Respondent / Executor: Brian Andre Raoul Bigras
- Court
- Supreme Court of British Columbia
- Jurisdiction
- Canada
- Judgment Date
- 14 July 2011
- Procedural Posture
- Trust Administration Passing of Accounts (trustee Act S.99(3)) / Accounting Reference to Registrar; Report and Recommendation on Costs Following Hearing
- Outcome
- Accounts passed with specified exceptions and adjustments; executor remuneration reduced and fixed; certain legal fees excluded from estate liabilities pending further determination; interest on estate funds to be reimbursed.
- Legal Topics
- Executor Remuneration, Passing of Accounts, Costs, Co Mingling of Funds, Interest on Estate Funds, Distribution of Estate, Tax Filings
- Source Language
- English
Case Brief
Summary, issues, holding and outcome
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Parties
Tony Alex Georges Bigras
Petitioner
Brian Andre Raoul Bigras
Respondent / Executor
Procedural Posture
Trust Administration Passing of Accounts (trustee Act S.99(3)) / Accounting Reference to Registrar; Report and Recommendation on Costs Following Hearing
Legal Issues
- 1 Whether the executor is entitled to remuneration and the appropriate quantum
- 2 Whether executor legal fees should be charged to the estate
- 3 Whether executor must reimburse estate for use of estate funds and loss of interest
Ratio Decidendi
Accounts are passed with adjustments: Newport Law Corporation fees are excluded from estate liabilities pending further determination and to be borne by the executor for now; executor must reimburse the estate interest on monies used from the Joint Account at the registrar's rate; executor's total remuneration is fixed at $6,700 (approximately 2% of the gross aggregate estate) with no separate income or care and management fee; costs of the petition and reference are to be paid from the estate as special costs subject to assessment or agreement and judicial confirmation of the registrar's recommendation.
Court Disposition
Accounts passed with specified exceptions and adjustments; executor remuneration reduced and fixed; certain legal fees excluded from estate liabilities pending further determination; interest on estate funds to be reimbursed.
Orders
- Registrar to certify accounting and findings; certificate binding when filed
- Newport Law Corporation account of $268.80 removed as a capital transaction and not to be charged to the estate pending further court determination
Full Case Text
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