Some people may feel guilty about taking money for serving as the executor of a will. This is understandable, as the people you’ll be working with will undoubtedly be grieving. (Indeed, you may be ...
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 ...
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 ...
In Louisiana, probate costs can differ widely depending on the estate’s value and complexity. When considering how much probate costs, you should account for common expenses like court filing fees, ...
One of the issues that comes up regularly in an estate situation is whether amounts received by the executor from the estate are taxable executor’s fees or rather should be properly considered a ...
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 ...
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 ...
Johannesburg - The role of an estate executor has been largely misunderstood, according to Geraldine Macpherson, senior legal adviser at Liberty. While it is true that an executor is responsible for ...
Consider the hypothetical case of Jessica from Minneapolis, whose father died four years ago. She was entitled to a ...
First published in the Daily Maverick 168 weekly newspaper. Answer: I have had several questions like this over the past few weeks. As with most of the questions I get, it is extremely difficult to ...