answersLogoWhite

0

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.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

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 the name of the person in charge of a family estate?

Executor


What is it called when you are left in charge of a will?

The executor is responsible for execution of the will.


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.


How much can you charge for an executor fee in state of Maine?

five percent


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.


I lived with my mother for 33 months prior to her death as her caretaker and paid all household expenses. Can an executor claim back rent from me?

No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.

Trending Questions
What is the perjury penalty for immigration fraud? Is a Verbal contract enough to get a car repair? How long does a bankruptcy stay on for UK? Does a non suit mean child support payments stop? Can a divorced father get custody of his kids if the custodial parent dies even if she appointed a guardian for them? What cases are bound by a decision of a state appeals court? Why are hoverboards banned in NYC and what are the reasons behind this decision? How do you write a contiuance for crimal court? What is the age of a 22 cal pump action repeater rifle stamped with Brownings Patent-Depose Fabrique Nationale Darmes De Guerre Herstal Belgique sn 48437 it also has other markings need answer? Which model assumes that the system's subcomponents work together harmoniously to achieve the social product we call justice? Can you plea youthful offender on a felony even if you have already plead youthful offender on a misdemeanor If so what is the age limit in Alabama? Can you be sued if a pedestrian hit the passenger side of your car? Did Aileen Wuornos kill just to be famous? Is it legal for a 19 year old to cam and talk to a 17 year old online if both parties states have an age of consent that is 16 and 17? If you have been subpoenaed as a witness but you cannot be at court at the appointed time because you will be at school out of state is there any way out of the subpoena? Can the executor named in a parents Will take the parents household items before the parent is dead? How do you find out what to do when your father dies intestate? What is tenant allowance? Can you go to bars in Illinois if on class 4 felony probation? What are the laws made by the state government?