An executor can claim expenses that are directly related to the administration of the estate, including costs for probate court fees, legal expenses, accounting fees, and expenses for managing or selling estate assets. They may also claim costs for estate maintenance, such as property management or maintenance fees, as well as expenses incurred in settling debts or taxes owed by the estate. It’s important for executors to keep detailed records of all expenses to ensure proper reimbursement and compliance with legal requirements.
they are not a deductable amount. You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.
Yes, an executor can be compensated for the work they perform in preparing a house for sale, such as painting and cleaning, as long as the estate's documents or state laws allow for it. These expenses may be considered reimbursable costs or part of the executor's fee, depending on the jurisdiction and the terms of the will. It's advisable for the executor to keep detailed records of all related expenses and to consult with an attorney to ensure compliance with legal requirements.
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
Funeral expenses are not deductible on a tax return (IRS Pub 502).
Yes, you can claim dental expenses on your taxes if you itemize your deductions and your total medical expenses exceed a certain percentage of your adjusted gross income (AGI). Eligible dental expenses include preventive care, treatments, and surgeries that are necessary for oral health. However, cosmetic procedures are typically not deductible. It's essential to keep detailed records and receipts for all dental expenses to support your claim.
they are not a deductable amount. You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.
The executor can make a claim against the estate for expenses. The probate court will have to approve. The expenses have to be reasonable and normal.
Reasonable expenses can be charged to the estate. The executor can also receive payment.
After funeral expenses
They can do whatever they wish with their rights and property.
File the claim with the court where the probate has been filed. If the claim is ignored then speak with someone at the court about a motion to compel the executor to pay your claim.
They can't claim to be the executor, they have to be appointed by the court, otherwise they have no legal standing to do anything with the estate. And you have the right to object to their being appointed executor.
As a general rule, executor compensation is in addition to fees. For example, if the executor pays $400,000 in lawyers' fees, as an expense of the estate, it has no impact on the claim for a percentage as a fee. Many family executors or administrators waive any fee and consider it a privilege to assist in interpreting the intent of the decedent.
There's no automatic entitlement for the executor to receive any kind of payment. However the will itself might specify some form of compensation for them.United StatesExecutor's fees are set by statute in each jurisdiction.
They become part of his estate. The executor of his estate would file the claim against the first estate.
Can I claim my fathers ashes
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.