How much can an executor be paid in Michigan?
1% on the next $9,000,000. 0.5% on the next $15,000,000. For all amounts above $25,000,000, remaining executor fees in California are to be a reasonable amount as determined by the court….Executor Fees By State 2021.
| State | Executor Fee Calculation |
|---|---|
| Massachusetts | Reasonable compensation |
| Michigan | Reasonable compensation |
| Minnesota | Reasonable compensation |
Who can be a personal representative in Michigan?
Who can be a Personal Representative?
- A person named in the decedent’s will as personal representative.
- A surviving spouse if he or she is beneficiary under the will.
- Other beneficiaries under the will.
- The surviving spouse if he or she is not a beneficiary under the will.
- Other heirs of the decedent.
What is reasonable compensation for a trustee in Michigan?
In Wayne County, Michigan, for instance, professional trustee companies might charge a fee between 1% and 1.5% per year of the assets managed. A personal representative of an estate who is not a professional might reasonably be paid $30-$40 per hour for their time spent on behalf of the estate.
Who appoints a personal representative?
A legal personal representative can be appointed by the probate of the will of the deceased, letters of administration of the estate of the deceased, or any other similar grant. You will need to provide evidence of your appointment when you are added to ASIC’s register.
When do you have to pay an employee in Michigan?
When an employee quits, the employer must pay the employee all wages due by the regularly scheduled payday for the period in which the termination occurs, except for employees engaged in hand harvesting who must be paid within one working day. Michigan Laws 408.475; Mich. Admin.
What is the minimum wage for tipped employees in Michigan?
Under the FLSA, employers must pay tipped employees at least $2.13 per hour. The WOWA rate is higher. Tipped employees in Michigan must be paid $3.59. Beginning in 2019, the rate will be adjusted to remain at 38% of the state’s regular minimum wage.
How to complain about living wage in Michigan?
Depending on your situation, you may be able to file a complaint with the U.S. Wage and Hour Division, a local municipality, or file a claim in court. Several Michigan cities, townships, and counties have adopted living wage ordinances and policies.
What happens to prevailing wage laws in Michigan?
The repeal of the Michigan law has no impact on federal and local prevailing wage rules. If a project has federal funding, the employer may have to pay prevailing wages under federal law. Many cities and counties have prevailing wage ordinances for construction projects funded by local governments.
What is the personal representative fee in Michigan?
As in other states, personal representative fees in Michigan vary, depending on several factors. Under Michigan laws, the individual who carries out instructions in a will is known as a personal representative.
Who is the personal representative of an estate in Michigan?
Under Michigan laws, the individual who carries out instructions in a will is known as a personal representative. The court grants letters of authority to this individual that allows her to handle the estate, sell property, pay debts and disburse funds to beneficiaries.
What’s the minimum wage in the state of Michigan?
Michigan’s Minimum Wage. The Michigan Workforce Opportunity Wage Act (WOWA) establishes the minimum wage that Michigan workers must be paid. Currently, the minimum wage in Michigan is $9.45. The WOWA also has overtime rules. Employees who work more than 40 hours in a single workweek must be paid overtime.
When an employee quits, the employer must pay the employee all wages due by the regularly scheduled payday for the period in which the termination occurs, except for employees engaged in hand harvesting who must be paid within one working day. Michigan Laws 408.475; Mich. Admin.