keep REVOCATIONS
This Order sets fees payable to the Public Trustee for acting as executor, trustee, and managing estates and trusts. It establishes executorship fees (sliding scale percentages with £550 minimum), acceptance fees for trusts, annual administration fees, withdrawal fees, income collection fees (3.5%), insurance and securities dealing fees, and management fees for superannuation schemes. The Order covers valuation methods, payment terms, fee waivers, and commutation provisions.
These are user fees for a government service acting as executor/trustee of last resort, not regulatory burdens on private actors. The Public Trustee provides essential services where no private alternative exists—particularly for infant beneficiaries, complex estates, or situations requiring a neutral party. Deleting this Order would create a funding gap for a necessary public service without increasing economic freedom; it would simply leave beneficiaries without representation. The fees are cost-recovery based and include provisions for waivers where equitable.