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What else can I help you with?
Can the executrix of your parents estate collect her administrative fees plus a fee for an IRA that had named beneficiaries if the probating of the estate has not been concluded?
Certainly. Cost associated with the estate, including fees for maintaining IRAs and the executor's fees are charged against the estate and recorded. There is no requirement to wait until everything is finished to collect the fee.
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.
What part of the estate is charged for a exceutor fee?
The estate is a single entity. There are no 'parts' to an estate, the bill is paid from the assets.
Does the executor's fee come off the top of the estate?
The decedent's debts, the costs of administration and the executor's fee must be paid by the estate prior to the distribution of any assets.
Is the executor of an estate paid on full value of house or what is owed?
The executor's fee is based on the value of the estate. Money owed is not a part of the estate, it is a claim against the estate.
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.
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.
As an executor of an estate you received money do you pay taxes on it?
The fee paid to the executor is considered taxable income.
A franchise fee is a continuous fee paid by the franchiser usually based on a percentage of the franchisee’s gross revenue. True or false?
paid a deposit to the franchisor
Is money loaned usually for a fee that must be paid back?
refund
What is money loaned usually for a fee that must be paid back?
refund
You are the co-executrix for your mother's estate I went to court to defend myself from being removed can your atty cost be submitted to the estate also you were not removed?
That depends on the laws of the state of probate. Some states allow attorneys fees as a reasonable fee for defending against the removal action. In a way, the fees were spent protecting the wishes of the decedent that you be the executrix. You might not be able to charge all of the fees to the estate, only a reasonable amount. So be sure not to overpay or the court might have you pay for any extravagant amounts.
