0
The executor of a will is entitled to fair compensation. The amount needs to be reasonable and well documented. The probate court also has to agree that the amount is fair.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Can an executor choose not to make a disbursement to an heir if they themselves are an heir and take a disbursement from the estate?
They must follow the distribution plan as provided in the will or by the law of the state. They cannot favor one beneficiary over another unless the beneficiaries agree. An executor is entitled to be compensated for their work, but they must have the approval of the court on the distribution.
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.
Who can be the executor of the estate?
Anyone that is of legal age can be an executor.
Can executor also be a beneficiary from will?
Yes. An executor may also be a beneficiary.
Can you benefit from the will if you are the executor?
Yes, nothing prohibits the executor from receiving part of the estate. In fact, it is more common than not for the executor to receive something, as for example, where a husband leaves his estate to his spouse and makes her his executor.
Can an executor who was also the Attorney in fact and drew a salary in that position continue to do so as executor?
The executor is a compensated position. The maximums are prescribed by law in most jurisdictions.
Should the executor be compensated for his costs of attending the funeral?
That seems pretty cheap to me. I would hope the court would not approve it.
Can an executor choose not to make a disbursement to an heir if they themselves are an heir and take a disbursement from the estate?
They must follow the distribution plan as provided in the will or by the law of the state. They cannot favor one beneficiary over another unless the beneficiaries agree. An executor is entitled to be compensated for their work, but they must have the approval of the court on the distribution.
Can the executor get paid for their services?
They don't have to be paid if they don't want to be paid. But they are entitled to be compensated for their time and effort. And the estate won't be closed if there are outstanding debts, including money owed to the executor.
You were in the hospital for bronchitis and i got fired. can you sue or be compensated?
compensated
Will named you as executor but living trust for the house has no executor named Am I still the executor?
The living trust has a trustee, not an executor. The will is a separate process and you would be the executor.
What is a compensated semiconductor?
compensated semiconductor...SEMICONDUCTORS WHICH CONTAIN BOTH DONOR AND ACCEPTOR DOPANT ATOMS IN SAME REGION IS CALLED COMPENSATED SEMICONDUCTOR.
What is the difference between co-executor and independent co executor?
What is the difference between an independent co-executor and a co-executor
Can an executor be beneficiary of a will in CT How can an executor be removed by an heir?
Yes, the executor can be a beneficiary. The court may remove an executor at the request of the beneficiaries.
Can wife be executor of will?
Yes. A spouse can be named as executor of a will. A spouse can be appointed by the court if there is no named executor or the named executor cannot serve.
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.
If the executor of a will dies would that person's next of kin automatically become the executor?
No. If the executor dies the court must appoint a new executor.
