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The fee is set by state law.
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∙ 14y ago
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Can the executrix of your parents estate collect her administrative fees plus a fee for an IRA that had named beneficiaries if the probating of the estate has not been concluded?
Certainly. Cost associated with the estate, including fees for maintaining IRAs and the executor's fees are charged against the estate and recorded. There is no requirement to wait until everything is finished to collect the fee.
Does an independent administrator who is paid a fee for an estate have to pay taxes on that fee?
Taxable gross income includes professional fees paid to you.
What part of the estate is charged for a exceutor fee?
The estate is a single entity. There are no 'parts' to an estate, the bill is paid from the assets.
Does the executor's fee come off the top of the estate?
The decedent's debts, the costs of administration and the executor's fee must be paid by the estate prior to the distribution of any assets.
Is the executor of an estate paid on full value of house or what is owed?
The executor's fee is based on the value of the estate. Money owed is not a part of the estate, it is a claim against the estate.
Can an estate executor pay themselves or others?
An executor of a will may be paid for work done on the estate if the will states they are to be paid. Most states will allow expenses to be paid within reason to the executor, but they must show proof.
Should debts be paid before executor gets their fee?
It will depend on the estate. The executor is entitled to their fee by law, and that can take precedence over debtors.
As an executor of an estate you received money do you pay taxes on it?
The fee paid to the executor is considered taxable income.
A franchise fee is a continuous fee paid by the franchiser usually based on a percentage of the franchisee’s gross revenue. True or false?
paid a deposit to the franchisor
What is money loaned usually for a fee that must be paid back?
refund
Is money loaned usually for a fee that must be paid back?
refund
Can the administrator of an estate sue the estate?
You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.You would need to provide an example of an issue the administrator would have with the "estate". The administrator of an estate is the person appointed by the court to represent the estate. They are paid from the estate for performing their duties. Their fee comes out of the assets before any assets are distributed and they have the authority to pay their own fee out of the estate.Any lawsuits against an estate must be served on its administrator. It is difficult to think of an example where the administrator would do something at odds with their own interest in the estate.
