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Certainly, and the fee is typically set or limited by the laws of the jurisdiction.
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Can the administrator of an estate sue the estate?
You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.
Who determins the administrator fee of an estate in NJ?
The maximum is established by law. The executor determines the fee and gets it approved by the court.
How much does an estate administrator for his mothers estate make?
Most people do not charge for administering an immediate relatives estate. They can waive the fee and often do to avoid family squabbles. In some states the rate is proscribed in the probate laws. Consult a probate attorney in your jurisdiction for specifics.
Does an independent administrator who is paid a fee for an estate have to pay taxes on that fee?
Taxable gross income includes professional fees paid to you.
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
Can an administrator of a will charge a fee to the beneficiary?
In most states the Executor/ Administrator functioin is allowed a percentage fee to cover administrative expense. Complicated wills with large estates have additional (or should have) additional safeguards to ensure fair and honest management, like regular review by a law and accounting firm. This area of estate planning and management requires skills that multiply as the size and complexity of a prospective estate increases.
Do auctioneers charge a percentage or flat fee when you hire them for an estate auction?
They normally only charge a flat fee. Their services are the same no matter the prices things sell for.
If you are admimister of an estate do you have to pay taxes on money that is left to you?
No. The estate is responsible for any estate taxes. However, if your bequest involves a substantial amount of money you should seek professional advice. The attorney who is handling the estate should be able to advise you. If you get paid a fee for your services as the Administrator, that fee is treated as income and should be claimed on your tax return.
What if the property is claimed insolvent and their is no estate to pay the lawyer but he wants to charge a fee still?
You need to review any documents you signed when you hired the attorney to probate the estate. You may have agreed to pay the fee.
Do you pay a real estate agent that sells you a home?
No, they will charge the seller a fee based on the price of the house.
Does Zillow's charge a fee?
Zillow does not charge a fee. It generates revenue by selling advertising on its website. According to its homepage, "Zillow is a free online real estate marketplace that provides information on every aspect of real estate, including home buying, home selling, homeownership, mortgages, and rentals."
What fees are charged by sales agents?
Sales agents may charge a few types of fees. One of the big fees that sales agents use is an estate angency fee. The estate agency fee alone can cost 10%.
