That depends on which country or state that you live in.
Yes, the court must approve the expenditure. They typically will approve reasonable rates.
Eric Smith Vance has written: 'The law and practice in Victoria and an examination of the case law of Australia and New Zealand relating to executors commission' -- subject(s): Executors and administrators, Fees
Of course it is legal.
The estate's attorney's fees in NJ are not fixed in terms of percentages the way executors' and administrators' commissions are. An attorney usually charges by the hour according to work done in helping the executor. Sometimes attorneys and executors agree on a flat fee for the attorney's services. In the end though the attorney's fees have to be reasonable considering the work that had to be done. If beneficiaries believe the fees charged are unreasonable, they can challenge them.
If the court agrees, two executors can be appointed.
All executors have the right to see the will, they cannot execute it if they do not have access to it.
Executors do not get the money, it goes to the estate. The executors distribute the estate per the will or laws of intestacy.
Executors don't appoint executors. The court appoints them.
The amount an executor can charge varies from state to state. You need to check the laws in your state. You could try a search for 'executors fees in your state'.
My husband and I are executors of a will and want to cancel this.
Heirs do not pay tax. The decadent's estate pays any applicable tax. Fees paid to executors may be taxable. Check with state and Federal tax codes.
My sister and I are co-executors of my mothers estate if she is not abiding by the will and I take her to court can I ask that she be liable for all attorney fees?
It is the duty of executors to inform all beneficiaries of what is happening with an estate. The executors have to keep the beneficiaries updated every step of the way.
They must notify the court and the court will appoint an executor.
Depends on what it is. A misdemeanor or tickets - probably not.
Generally, if two executors are named in the will and then appointed by the court as co-executors they must act together unless the will provides that either can act alone.
The testator can change the will any time they wish. And the executors don't need to be informed.
You do not have to name any executors in a will. The court will appoint someone if there is none or the ones named decline the responsibility.
Yes, you can have three executors. But having more than one tends to create friction and problems if they do not agree.
They usually base it on the amount of work each did. If they each did half the work, they would split the fee. If one only did 10% of the work, they should only get 10% of the fee.
Yes you certainly can and they can also be your trustees too!! Some people also have more than 2 executors!!
The executors that are appointed by the court. The court will issue a letter of authority to the appropriate executor(s).