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What else can I help you with?
What are the requirements to Bond as an Executor?
It depends on the state. Not all states require an executor to post a bond and bond amounts vary by states. In any case, the bond is meant to serve as protection against fraud or embezzlement by an executor.
How do you calculate executors compensation when you are also a beneficiary?
The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.
IHow do you seek restitution from an executor who violated the terms of the will?
You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.You should seek help at the court where the Will was filed. The executor may have posted a bond. You should act immediately.
Can a person out of jail on bond be an executor of an estate?
yes
Is there a fee for a executor of a will?
The executor's fee is generally set by state law.
What is the Maine executor fee?
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
When a will is set up or changed does the executor have to sign the will?
The executor does not have to sign the will. They don't even have to know there is one or that they are the executor.
What type of bond is required for the executor of an estate and where can it be purchased in Louisiana?
not sure of Louisiana
Can a executor receive 1 percent of the estate before its handed out?
The executor's fee is typically set by law. If the fee is set at 1% (or higher), they certainly can.
If the executor is a relative are they entitled to the executor fee?
The executor is entitled to a fee for their services. Their relationship is not a deciding factor. In many states the fee is set by law.
Does an executor get paid for their time?
Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.
Why is My executor is not required to post bond in my will?
Your executor may not be required to post a bond in your will if you explicitly state that you waive this requirement. Posting a bond is typically meant to protect the estate from potential mismanagement, but if you trust your chosen executor and feel that they will manage the estate responsibly, you can include a provision in your will to bypass this obligation. This can simplify the probate process and reduce costs associated with bond premiums. Always consult with a legal professional to ensure your wishes are clearly articulated and legally sound.
