The executor is entitled to a fee for their services. Their relationship is not a deciding factor. In many states the fee is set by law.
how do you figure estate executor fee in colorado
It will depend on the estate. The executor is entitled to their fee by law, and that can take precedence over debtors.
Yes, an executor is entitled to a fee for their services after probate, including the sale of a property. The amount of the fee can vary depending on the laws of the jurisdiction or the terms of the will, but typically, it is a percentage of the estate's value or the proceeds from the property sale.
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
Executors are always entitled to compensation for their efforts unless the will specifies otherwise. And even if the will doesn't allow for it, the court may rule that they are entitled anyways.
The executor's fee is generally set by state law.
Yes. A court appointed executor is entitled to be paid for their service and the rate is set by state law. If there is a will, there may be a clause that restricts it for a family member serving as the executor. Depending on the jurisdiction, that may be valid.
what if the estate executor fee in arkansas
That will depend on the will. There is nothing to prevent the executor from being left something, and they can collect a fee from the estate.
The executor is entitled to be paid for their work. The court has to approve the distribution and the fee they charged, which is often set by law. If the estate has been closed, you can sue the executor if they breached their fiduciary duty.
what is a reasonable executor fee in new mexico