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 ...
Being appointed as executor can be a significant responsibility, especially if the estate or family situation is complicated.
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. My parents died five months apart. I am the executor. How is the executor fee calculated fairly? A double fee sounds too much even though it’s so much work. A ...
When someone passes away, the last thing their family should have to deal with is a complicated and drawn-out estate settlement. But without the right executor in place, that’s often what happens. An ...
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 ...
Probate is the legal process through which a deceased person's estate is managed and distributed. When someone passes away, their assets, which include properties, possessions, and finances, are not ...
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 ...
"My uncle recently asked me to be the executor of his will when he dies. I feel honored that he asked me, but I’ve never done ...
Think about executor fees, testamentary trusts and marital regimes – all those decisions can shape how an estate is wound up ...