How much is an administrator of an estate paid?

Question

I have recently become the administrator of a relative's estate. I would like to know how much I will be paid for my services.
Also, may I claim interest on my out of pocket expences?

Answer 1

ummm, they must have included a price or you get paid nothing unless the State has guidelines and laws on the matter. You can charge off expenses against the estate though so interest would be negligible.


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Answer 2

No. as quickly as your cousin exceeded, there exchange into no person on earth approved to apply the cardboard. The sources is an fullyyt distinctive entity, and is extra similar to a company or have confidence. subsequently, utilising the decedent's mastercard is definitely fraud. do no longer do it. you're able to set up an sources account (if there is sufficient money, set up a money marketplace and a checking account), and get an EIN as quickly as achieveable for the valuables. i'd anticipate, by your question, which you have become calls from sources lenders soliciting for value? in case you're, enable them to understand that lenders would be paid as quickly because of the fact the inventory is desperate so as that the valuables can be certain no rely if there is sufficient money to pay lenders. Wait as long as achieveable to pay sources lenders (which potential those lenders that existed until eventually now your cousin's dying). they're going to negotiate down after awhile, or write the debt off as undesirable debt.

Answer 3

Usually 10% to 12% expenses are covered, just add them in,
personal rep has a lot of power over the money. You can get by with a lot.

Answer 4

why don't you ask the firm yourself?