What is a standard fee?
2006-11-08 17:59:35 · 4 answers · asked by ireallycantbelievethat 2 in Politics & Government ➔ Law & Ethics
Fees for an executor is provided in the will but if there is none, the court will determine the amount depending on the circumstances of the property and proceedings.
2006-11-08 21:20:02 · answer #1 · answered by FRAGINAL, JTM 7 · 0⤊ 1⤋
Probably not, but you need to think about it very carefully before you go any further. If someone outside the family acts as the executor / executrix, then it is customary to pay them for their work -- usually in the neighborhood of 10% - 20% percent of the proceeds of the estate. Since you are acting as the executor / executrix for your own mother's estate, would you really want to screw over your siblings like that? Say there were two heirs and the estate was settled at $100k. That would mean that you'd get $70,000 and your sibling would get $30,000. Same set-up but there are 4 heirs. You would get $40,000 and your 3 siblings would get $20,000 each. Sounds like a recipe for a life-long family feud, and I wouldn't go there -- and I'm in exactly the same situation you are in right now. My mom passed away a month ago, and I'm the executor of her estate. I'm not planning on screwing my brother out of 20% because I might want to talk to him later in life. ;)
2006-11-09 02:06:49 · answer #2 · answered by kc_warpaint 5 · 0⤊ 1⤋
Check with your State and see how large of a fee you are permitted!
2006-11-09 02:01:38 · answer #3 · answered by Anonymous · 0⤊ 1⤋
What a piece of crap you are!
2006-11-09 02:00:46 · answer #4 · answered by megs 2 · 0⤊ 0⤋