You are here: Home Planning Ahead Personal ... Does A Personal ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Personal Representative/Executor

Does A Personal Representative Get Paid?

Next » « Previous

4/11

A Personal Representative is legally entitled to payment for serving.

Ultimately the probate court decides the amount of the fee -- generally by following recommended guidelines in state law. The guidelines usually call for the Personal Representative to receive a percentage of the value of your property. The overall range can be as high as 7% of the value of your estate if your estate is small, decreasing to 1 -- 2% of the value of larger estates.

If your Personal Representative is a close relative or friend, she or he can choose to take less than the statutory fee -- or to waive the fee altogether.


Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.