Executors don't normally work on commission. An executor is entitled to a reasonable fee for services rendered. The probate court may even have a published fee schedule based on hourly rates. The executor must submit a detailed accounting of the estates assets and the distribution, including their fees,to the court for approval.
If permitted at all, consult a lawyer, it is limited to "reasonable compensation" for time and expenses.
The fee that an executor is paid depends on the state's statutory requirements. Most states have specific fees that will be paid to the executor.
The executor can charge a reasonable rate for their time and expenses. In some states there is a maximum amount specified.
it depends on the will but the norm is about 10% of the total estate
In Kansas, the executor is entitled to a fee for their services typically based on a percentage of the value of the estate. The amount of compensation can vary and is subject to agreement between the executor and the beneficiaries or approval by the court. It is recommended to review the specific details of the estate in question and consult with legal counsel for guidance.
It will depend on the estate. The executor is entitled to their fee by law, and that can take precedence over debtors.
The executor should never pay the bills themselves. They should have the estate do it. Yes, with proper receipts, there should be no problem with getting the money back.
An Estate Executor generally makes between 60,000-74,000 USD annualy. Although, if they have a boner, they will make more.
Your are entitled to reasonable compensation for the work that you did. The accounting should be submitted to the court with the change papers.
The lien will be paid by the executor or administrator of the estate. You should inquire at the court that issued the lien (perhaps you could speak to an advocate) and at the court where the estate was filed.The lien will be paid by the executor or administrator of the estate. You should inquire at the court that issued the lien (perhaps you could speak to an advocate) and at the court where the estate was filed.The lien will be paid by the executor or administrator of the estate. You should inquire at the court that issued the lien (perhaps you could speak to an advocate) and at the court where the estate was filed.The lien will be paid by the executor or administrator of the estate. You should inquire at the court that issued the lien (perhaps you could speak to an advocate) and at the court where the estate was filed.
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.
Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.
No. If you think the executor has misused their authority it should be reported to the court that made the appointment. The court will review the matter and issue a decision. An executor can be held personally liable for mismanaging the estate.
The executor is entitled to compensation as proscribed by the will or the law. The relationship of the executor to the decedent does not matter.
In the state of Va. the executor receives 10% after all bills are paid of the deceased. Second the executor is paid their 10%, third the executors expenses and reimbursements are paid and finally any inheritance left and designated per the will are disbursed accordingly.