Topic:
Executors Get Paid
Not finding your answer? Try searching the web for
Executors Get Paid
Answers to Common Questions
Usually executors are paid according to state laws that provide for commissions depending on the size of the estate. However, they may be paid an amount based on the courts assessment of reasonable compensation. If a person expects their ex...
Obviously, the main reason for serving as an executor is to honor the deceased person's request. But the executor is also entitled to payment. The exact amount is regulated by state law and is affected by factors such as the value of the de...
While it varies, most executors take a small percentage of the gross estate for their efforts. Professional estate administrators, such as banks often charge by the hours actually worked. So no, this person should be reimbursed for all thei...
More Common Questions
Answers to Other Common Questions
An executor or administrator is entitled to reasonable compensation for his services. The fee is considered income for taxation purposes. Under Mississippi law, the court can allow to an executor or administrator not less than one percent n...
http://msucares.com/pubs/publications/p1746.htm
I received an email from a client last week asking about a family situation in another state. A sister has been acting as executor and trustee of an estate. The siblings were trying to resolve what the sister could and should be paid for ...
http://inglelaw.com/elder-law-blog/2009/10/26/can-an-ex...
varies form state to state but a percentage or a flat fee
http://answers.yahoo.com/question/index?qid=20090114171...
Unless the will provides otherwise, the executor is entitled to be paid a fee, called a commission. The fee is fixed by statute and depends on the gross amount of the estate being probated.
http://www.morrisseyllp.com/news/faqs/#6
They can do it as a lump sum when the estate is closed out, or they can invoice the estate on a monthly or quarterly basis.
http://wiki.answers.com/Q/When_does_an_executor_of_a_wi...
Generally, being the executor of an estate entails a great deal of time and work. Also, being executor of an estate involves fiduciary responsibility and obligation. If an executor does not do his/her/its job properly, in the jurisdictions ...
http://www.avvo.com/legal-answers/ohio-probate-laws--do...
Executors are reimbursed for all legitimate out-of-pocket expenses incurred in the process of management and distribution of the deceased estate. In addition, you may be entitled to statutory fees, which vary from location to location and o...
http://www.cstronglaw.com/index.aspx?TypeContent=CUSTOM...
| Sponsored Results | |||
|
|
|||