What is Virginia estate administrator fees?

What are administrator fees in georgia?

In Georgia, administrator fees refer to the charges associated with the management and administration of estates during probate proceedings. These fees are typically paid to the executor or administrator of the estate for their services in handling the assets, debts, and distribution according to the will or state law. The fees can vary based on the complexity of the estate and are often calculated as a percentage of the total value of the estate. It's important for beneficiaries to understand these fees, as they can affect the overall distribution of assets.

What can be billed to a deceased's estate?

Expenses of administration. Attorney fees, storage costs, court costs, mileage, executor or administrator's fees, costs of sale of property, etc.

Co-administrator of estate?

The co-administrator of an estate has as much equal access to the estate as the administrator. If property or the estate needs to be divided, the parties will need to agree.

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.

My sister who is sole administrator of my mother's estate is charging excessive fees to the estate for handling the estate. can anything be done to challenge her expenses?

My sister was appointed as Independent Administrator of my mother's estate. We are about to finalize everything in 30 days. My sister has given me a brief outline of the cost of her time in executing the estate. They are EXTREMELY high! is there any way to dispute her fees for herself? Getting into a huge argument won't be a big deal, that's already happened! Our probate attorney (which I paid half of the initial retainer for) let me know that she represents my sister and my mother's estate, not me.

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.

Is becoming an administrator of a small estate where no will is found expensive?

It should not cost the administrator anything. The costs, which are fairly reasonable, are born by the estate. And the Administrator can charge for their services.

If the attorney of an estate is also the personal representative of that estate can she sell the real estate and collect both the real estate commission and her attorney fees?

The real estate agent is the person who collects a commission on the sale of the real estate not the estate representative (executor/administrator). Generally a person who fills both roles, attorney for the estate and executor, can charge for both services.

Do your legal brother has right to challenge Legal administrator?

I am the administrator of my fathers estate does my brother have equale power and percentage of estate?

Can heirs of mothers estate file ensolvency if there is already an administrator?

No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.

How can one become the administrator of an estate in the absence of a will?

To become the administrator of an estate without a will, one must petition the court for appointment as the administrator. The court will typically appoint a close family member, such as a spouse or adult child, to serve as the administrator. The administrator will then be responsible for managing and distributing the assets of the estate according to state laws.

Can a beneficiary be an administrator of an estate?

Yes.