There will be a filing fee associated with this case, which in most counties in California is around $435. There will also be a newspaper publication fee, which can be as low as $150 or as high as $900 for the publication process. The publication is …
The relative costs of each choice should also be considered. Although professional fiduciaries generally publish a fee schedule for their services, New Hampshire does not have a standard commission for Executors. ... Most clients anticipate that the designated attorney will serve as both the Executor and counsel to the Estate, unless another ...
Oct 28, 2018 · Attorney as executor. Per the American Bar Association, if you feel that none of your family members or friends possess the requisite financial skills to properly act as your executor, you may wish to designate your attorney instead. Not only has (s)he probably worked with you for years to help you set up your estate plan, (s)he also is well ...
Dec 14, 2020 · As Mr. Early points out, there is a fee set by statute, but the trust agreement can provide for a different fee and there is no requirement that an executor or trustee charge the statutory fee unless the Will or trust that appoints that person does not state a different manner of determining the fiduciary's compensation.
As Mr. Early points out, there is a fee set by statute, but the trust agreement can provide for a different fee and there is no requirement that an executor or trustee charge the statutory fee unless the Will or trust that appoints that person does not state a different manner of determining the fiduciary's compensation.
The statutory commission is 1.5% for all receipts and 1.5% for all expenditures on an annual basis. Actual trust language can, and typically does, provide for a higher commission.
Once you figure out the type of attorney you need, you then need to go about hiring an estate attorney. Here are a few tips to hire an estate attorney: 1 You don’t have to hire the first estate attorney you talk to. Personality matters. As an executor, you will have to work with the estate attorney, so make sure the estate attorney you hire is someone you trust and respect. 2 Ask about the fees. How will the estate attorney be compensated for her work? Will she charge you by the hour or is there a flat fee based on the will and size of the estate? 3 Ask about the process. Will you work with the person you are talking to or a team of people? If it will be a team, make sure you meet those people as well. Paralegals can play a significant role in this process – so meet them if they will be involved.
Because wills and estates vary in complexity, and assets within the estate can add another layer that must be understood and managed properly, it’s always a good idea to have an estate attorney at your side to help manage your executor duties.