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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.
What else can I help you with?
Are executor's paid for the servies how much?
it depends on the will but the norm is about 10% of the total estate
How much does the executor get paid in Kansas?
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.
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.
When does an executor of a will get paid by the estate if they have to pay outstanding bills left by decedant?
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.
How much does an estate executor in a will gets paid in California?
An Estate Executor generally makes between 60,000-74,000 USD annualy. Although, if they have a boner, they will make more.
If you sign papers to take you off as an executor can you still get paid for the work you are doing as an executor?
Your are entitled to reasonable compensation for the work that you did. The accounting should be submitted to the court with the change papers.
How is child support paid pursuant to a court ordered lien against property from inheritance that is still in deceased owners name?
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.
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.
Does an executor get paid for their time?
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.
Can you request that executor not be paid because of exhibiting favoritism in the managing of the estate?
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.
What is the fee an executor receives in Virginia?
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.
Does being the daughter as executor of a will allow compensation be paid by 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.
