When someone dies, the executor, whose job is to probate the decedent's estate, is entitled to a fee for his or her services. The question is, How much? The answer depends on where the decedent's ...
A. It seems you’re trying to determine how the executor fee, also called the corpus commission, is set. In New Jersey, the fee is 5% of the first $200,000 of assets taken in by the executor, 3.5% of ...
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Standard Probate Fees | Factors and How to Minimize
Probate is the legal process through which a deceased person's estate is managed and distributed. When someone passes away, their assets, which include properties, possessions, and finances, are not ...
Q. New Jersey statute has a schedule of reasonable fees for services provided by the executor of an estate based on the value of the probate estate. If the only probate asset of value is a house and ...
Q. My parents died five months apart. I am the executor. How is the executor fee calculated fairly? A double fee sounds too much even though it’s so much work. A ...
However, you must also choose an executor, the person who will carry out your will's instructions.Choosing the wrong executor ...
It’s hard to find good help, especially when you’re dead. Choosing an estate’s executor, the person who carries out the terms of a will, is a fraught decision, and whether you tap a friend, family ...
Sometimes clients suggest ideas that lend themselves easily to columns. This column resulted from a comment by a client who had been asked by a relative if he would be willing to serve as executor of ...
Question: I was wondering if there is a set percentage fee for being the executor of an estate in Massachusetts? I have been handling my mother’s estate for almost a year and it has been extremely ...
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