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Do beneficiaries of estate receive reimbursement for personal expenses?
Wiki User
∙ 13y ago
The executor may be reimbursed by the estate for out-of-pocket expenses related to the settling of the estate, such as maintaining a property (and mortgage payments) until sale, clean-up costs, etc, and may be paid a minimal hourly fee for some such work. The funeral home is typically the first debt paid from the estate, ahead of other debts and ahead of the named beneficiaries.
But neither the executor nor other beneficiaries are not entitled to reimbursement by the estate for personal expensessuch as travel to funeral, hotel, restaurants, new suit, etc. Those are personal expenses which are voluntary on the part of the bereaved and unrelated to the estate.
On the other hand, many people have small life insurance policies with specified beneficiaries, intended to help with those immediate expenses. Such policies do not have to go through probate and may pay out quite quickly.
Wiki User
∙ 13y ago
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