When to pay compensation to a personal representative?

When to pay compensation to a personal representative?

Although not expressly provided in the statute referenced immediately above, it would appear that payment of compensation may be made to a Nonintervention Personal Representative from time to time following the rendition of the actual services for which payment is being made ( ie]

How are extraordinary fees paid to personal representatives?

Personal Representative: Calif. Prob. Code § 10801; Attorney: Calif. Prob. Code § 108 11. Extraordinary Fees are typically paid for services such as: Carrying on and managing Decedent’s business. Selling property in the estate. Preparing and filing income or estate tax returns.

What are reasonable personal representative fees in Colorado?

A reasonable fee is not set in stone in Colorado, but it usually based on the time spent and the skills and training of the PR (as well as their earning history). That is, if the person is a CPA or attorney, it would be reasonable to pay them a higher hourly rate than if the person was a family member who had never made more than minimum wage.

When does the personal representative of an estate get paid?

Out of pocket expenses are typically reimbursed during the course of estate administration. When Will the Personal Representative Receive Payment? In some states, fees paid to the personal representative—both ordinary and extraordinary—can be paid at any time during the administration without a court order.

How is compensation of personal representatives determined in PA?

In Pennsylvania, the compensation of personal representatives is governed by 20 Pa.C.S. § 3537, which states: The court shall allow such compensation to the personal representative as shall in the circumstances be reasonable and just, and may calculate such compensation on a graduated percentage.

Can a personal representative be paid an additional fee?

Even in states where the personal representative’s fee is set by state law, he might be entitled to receive an additional fee for “extraordinary” services that are rendered above and beyond the call of duty.

What’s the maximum personal representative fee in Maryland?

Personal Representative Fees. The Maryland statutes say that if the estate is worth $20,000 or less, the maximum personal representative fee is 9 percent of the estate’s value.

Out of pocket expenses are typically reimbursed during the course of estate administration. When Will the Personal Representative Receive Payment? In some states, fees paid to the personal representative—both ordinary and extraordinary—can be paid at any time during the administration without a court order.