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Is it legal to take executor fees in Wisconsin?
Yes, it is generally legal for executors to take fees in Wisconsin. The law allows executors to be compensated for their time and services in administering an estate. However, the amount of fees must be reasonable and must be approved by the court if there is a dispute.
What document is needed for filing the income from executors fees?
That depends on which country or state that you live in.
What has the author Eric Smith Vance written?
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
Can collection agencies add fees and interest to accounts in Wisconsin?
Yes.
What is executors fee in settling an estate in Wisconsin?
In Wisconsin, the executor's fee for settling an estate is typically determined by the value of the estate's assets. The fee is generally set at a percentage of the estate's total value, commonly around 2-4%, but can also be based on the time and effort involved in administering the estate. Executors may also receive reimbursement for out-of-pocket expenses incurred during the process. It's advisable to consult with an attorney or follow the guidelines set by the Wisconsin Statutes for specific fee structures.
What does the term coindependent executors mean?
co-independent executors
What is the hourly rate for an executor?
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'.
Do the executors of a will have to jointly give permission for the other executors to see the will?
All executors have the right to see the will, they cannot execute it if they do not have access to it.
When a proprty is sold do both executors get the money?
Executors do not get the money, it goes to the estate. The executors distribute the estate per the will or laws of intestacy.
What happens if one executor wants to put her children as executors and the othe executor disagrees?
Executors don't appoint executors. The court appoints them.
How do you take your and your husbands name off a will as executors?
My husband and I are executors of a will and want to cancel this.
As an heir and executor of your fathers estate you must pay taxes on fees paid to you What is the tax rate?
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.
