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They can certainly charge for their time. In most cases there is a maximum hourly rate that is set by law. Mileage would have to be reasonable in the eyes of the court, but the cost of maintaining the estate is normally covered.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoThat will depend on the laws of the jurisdiction. It has to be reasonable and may be capped by law.
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Must an executor charge a fee?
No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
Can an executor charge an estate for its services?
They are entitled for a reasonable hourly rate. In some states the fee is set at a specific rate. They are also entitled to be paid for all reasonable costs such as copying, phone calls, mileage, etc. The executor must answer to the court in the accounting.
Who does the Executor answer to?
Ultimately the Executor is the person in charge however all decisions made will be answerable to the beneficiaries.
Should a brother charge his sister executor fees if he is named as executor but they are to share the inheritance equally?
It is up to the brother. Most state probate codes allow the executor to charge a fee for their services. Executor duties and responsibilities can take up a lot of time. If there are only two beneficiaries, that will cut down on the executor's tasks somewhat. The brother should keep detailed time sheets for any time spent on estate matters and a deteiled account of any money spent on parking, postage, copying or other costs. The brother can then decide toward the end of his duties whether he wants to charge the estate or not. The executor's fee is a cost of the estate and should be paid before any assets are distributed so that brother and sister each pay equally.
What is mileage allowance for the executor of a will?
Currently the Federal Government authorizes 55.5 cents a mile, which unless limited by state law could be justified by the executor.
What is it called when you are left in charge of a will?
The executor is responsible for execution of the will.
What is the name of the person in charge of a family estate?
Executor
Does an executor have the final say in all that happen?
They are pretty much in charge of the estate. Only the court can over ride the executor.
Do you charge for gas and mileage?
Many companies charge for gas and mileage. It is a good idea to keep written records of the gas and mileage used during business hours.
How do you charge mileage on a V 8?
Charge mileage on a V8? Your question really makes no sense. Please rephrase the question.
How much can you charge for an executor fee in state of Maine?
five percent
