0
Can an administrator of a will charge a fee to the beneficiary?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoThe fees paid to the executor for handling the estate are set forth in the state probate code. Or, it can be done gratis.
Wiki User
∙ 11y agoYes, the executor is authorized to charge for his services. The amount is often prescribed by the probate laws.
Add your answer:
Earn +20 pts
Can an administrator of a deceased estate charge a fee?
Certainly, and the fee is typically set or limited by the laws of the jurisdiction.
Can a beneficiary be an administrator of an estate?
Yes.
Can a beneficiary be the administrator?
In some States, but not all.
Must an executor charge a fee?
No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.
Do you charge a fee?
WikiAnswers does not charge a fee to its members. Membership is free.
What happens if there is no benificiary for a life insurance policy?
If there is no living beneficiary then the beneficiary becomes the estate of the insured. If there is a will the administrator of executor will have the benefits to pay for last expenses and then pay out as the State Law mandates. If there is no will the magistrate or probate court will assign an administrator or executor to handle these items.
How much fee will be charge for an NSTP?
who much fee will be charge for an nstp component
Does the executor work for the beneficiary?
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.
Do all colleges charge an application fee?
No, there are many colleges that do not charge an application fee.
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.
The administrator made you put your own beneficiary funds into the estate account advising it was required. Can you sue her for fraud or petition the court to remove her?
You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.You haven't explained what the "beneficiary funds" consisted of or where you got them. If the funds came from a joint account with you and the decedent or from a "payable on death" account with you as the beneficiary the funds are not part of the probate estate. You should visit the court where the probate was filed immediately if you think you are a victim of fraud by the administrator. You can file a motion to have your question answered after a review by the court. If the administrator is mishandling the estate she can be removed and replaced by the court.
Does a curency exchange charge a fee?
Most currency exchanges charge a small fee. This is how they remain in business.
