Pricing

Most executors find that one conversation is enough to understand what support they need. Our executor support service is offered as a single engagement starting from $5,000, with additional services billed at $150/hr as needed. Book a free 30-minute call and we will walk you through what estate administration actually involves and how New Dawn Financial can help.

Book a free 30-minute call and we will help you find the right level of support.

A retainer is required to open your file and begin work. This is paid personally by the executor at the start of the engagement and is a reimbursable estate expense recovered from estate funds once assets become accessible. The balance of our fees is collected from estate funds as cash becomes available. We work flexibly with executors on timing so you are not personally funding the administration out of pocket. The full payment structure is confirmed in your written engagement agreement before any work begins.

In almost all cases, professional executor support fees are paid from the estate as a legitimate administration expense. Outside of the initial setup retainer, you are not expected to pay out of pocket. We confirm this at your initial consultation so there are no surprises.

Yes, executor compensation is considered taxable income by the Canada Revenue Agency and must be reported on your personal tax return in the year it is received. This applies whether you are a family member or a professional acting in the role.

Professional executor support fees are not personally deductible. However, because our fees are paid directly from the estate and reduce the net compensation you take, they effectively lower the amount of taxable income you receive. Most executors find that hiring professional support does not meaningfully increase their out-of-pocket cost once the tax impact of compensation is considered.

Example: If your executor compensation is $30,000 and our fee is $17,000, the estate pays our fee and you receive $13,000 in compensation, reducing your personal tax exposure accordingly. We recommend speaking with your accountant about your specific situation.

Trust companies typically charge 3% to 5% of the gross estate value with additional annual fees, and you work with a rotating team. Our fees are calculated on net value, are clearly tiered, and you work directly with Shannon throughout. Most clients find us comparable in cost and significantly more personal.

Yes. Your base engagement covers the core administrative support outlined in your service agreement. As the estate unfolds, additional tasks may arise that fall outside the original scope. These are handled through a written Change Order confirmed before work begins, billed at $150/hr. You will never be surprised by an invoice for work you did not approve.

Every estate is different. A straightforward estate with a clear Will, liquid assets, and cooperative beneficiaries typically requires less time. A complex estate with real property, business interests, blended families, or beneficiary disputes will require more. We assess this together in your free consultation and build a realistic picture of the scope before you commit to anything.