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 ...
Q. Our mom passed away, leaving her house to A. She left all her other assets to B, C and D. The house is appraised at $400,000. The total value of the other assets is also $400,000. All the ...
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 ...
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 ...
But the result is the executor coming to that same law firm after the will maker has died because the original will is ...
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 ...
Consider the hypothetical case of Jessica from Minneapolis, whose father died four years ago. She was entitled to a ...
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 ...