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Q: Pennsylvania estate law ( No Answer,   2 Comments )
Question  
Subject: Pennsylvania estate law
Category: Business and Money
Asked by: calamity-ga
List Price: $2.00
Posted: 23 Jul 2002 12:49 PDT
Expires: 22 Aug 2002 12:49 PDT
Question ID: 44241
How much can the executor of a $425,000 estate in Pennsylvania get
paid for his services (given only 20% of the assets pass under the
will) and does it matter if the executor is also a beneficiary?

Request for Question Clarification by pinky-ga on 23 Jul 2002 15:22 PDT
Hello calamity,

Could you clarify the following points:

Is the executor a friend or family member? 

Is the executor also an attorney?

If the executor is an attorney, is he/she acting as the attorney for the estate?

Thanks,

Pinky-ga

Clarification of Question by calamity-ga on 23 Jul 2002 15:46 PDT
The executor is a family member and not an attorney but has retained
an attorney for the estate.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Pennsylvania estate law
From: 4keith-ga on 24 Jul 2002 13:24 PDT
 
7-24-2002

Executors in Pennsylvania are allowed by law to collect "Reasonable
Compensation", which is a loophole that allows them a wide latitude.

Please visit the website www.lawguru.com and post your question there,
and you are much more likely to get a professional response from 1 or
more attorneys in Pennsylvania, or get a second opinion from a local
probate attorney in Pennsylvania.

Your question is a little bit confusing since we don't know whether
the fee will be based on the total value of the estate or the 20% of
assets you say pass under the will.  Being an executor will likely not
have an effect on precluding him from being a beneficiary, as it seems
like that is allowable.

SINCERELY,
4keith-ga
Subject: Re: Pennsylvania estate law
From: calamity-ga on 24 Jul 2002 13:45 PDT
 
I don't know if the fee is based on the total or just the 20% either
which is the reason I am posting the question. Does a customary fee
structure exist and is the fee is based on the entire value of the
estate (probatable and non-probatable) or merely the assets that do
pass under the will?  I hope that clarifies the question.

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