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Yes. Most, if not all, states allow an executor to waive their fee. This is common where the executor is also an estate beneficiary, as the fee is taxed as income to the executor.
Although this general answer is provided by an attorney, it should not be taken as legal advice regarding your particular situation and no attorney-client relationship is established. For help with your particular legal situation, please consult with an attorney.
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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.
Is there a fee for a executor of a will?
The executor's fee is generally set by state law.
What is the estate executor fee in Arkansas?
what if the estate executor fee in arkansas
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.
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
What is the fee an executor of an estate receives in Colorado?
how do you figure estate executor fee in colorado
What is executor fee of will in Louisiana?
It can be up to 10% of the entire worth of the estate.
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.
You did not know you were executor and do not want to do it?
You can decline the responsibility. The court will appoint another executor.
What is the fee an executor is entitled to in Colorado?
What are executor fees in the state of Colorado?
What if executor is physically ill and not able to handle the burden of executor?
They can decline the responsibility. The court will assign someone else to be executor.
What is the executor fee in PA?
3%
