An executor of a will may be paid for work done on the estate if the will states they are to be paid. Most states will allow expenses to be paid within reason to the executor, but they must show proof.
Yes, an executor can be paid for expenses. In some states there is a fee specified.
Executors may be paid for executing a will. In many states the maximum fee is set by law. In others they present their bill to the court who approves it and then is paid by the estate.
The executor should never pay the bills themselves. They should have the estate do it. Yes, with proper receipts, there should be no problem with getting the money back.
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
Yes, an executor can file a claim against the estate in Kentucky if they believe they are owed money or assets from the estate. However, they must act in good faith and comply with all legal requirements and procedures for making a claim against the estate.
They do not pay the estate attorney's fees, the estate does. If they hire their own attorney, yes, they have to pay them.
The executor's job is to settle the estate. That includes resolving all of the estate's bills, from the estate, not their own pocket.
The executor of an estate uses the assets of the estate to pay any taxes or other debts owed by that estate. If it should turn out that the taxes owed exceed the value of the estate, then the executor pays as much as the estate consists of, after which there is no longer an estate.
The executor can move into the estate. However, they do need to pay rent or show the court how they are compensating the estate, for instance, free rent instead of collecting a fee.
Being the executor does not make you personally responsible. The estate has to pay any debts. If the estate cannot pay them, the debtors do not get paid.
The executor is not personnally responsible. The estate is responsible to pay off the debts. If the assets are not sufficient to pay off the estates, they do their best and get the court to agree.
No. If an Executor takes out a loan it has nothing to do with the estate he is executing.
The fee paid to the executor is considered taxable income.
That will depend on the value of the estate. The executor will have to file a tax return with the IRS for the estate.