Legal Question in Wills and Trusts in California

I'm an executor of my father's "estate" (around 300K). We are in California and I have been managing it for a few years. I was informed that I can receive percentage of the estate as payment for managing his estate. His POA confirms and approves payment.

My question is do I receive this every year or if it's a one time payment?- Thank you, Cathy


Asked on 9/23/17, 9:21 am

1 Answer from Attorneys
Gerald Dorfman Dorfman Law Office

If you are the executor of your father's estate, that means he is deceased, and you have been appointed executor by the court as part of a probate proceeding. If that is the case, then you are entitled to a statutory fee, which is a one time payment, at the conclusion of the probate. If, instead, you are actually the trustee of a trust, then if the trust instrument does not specify your compensation, you are entitled to "reasonable" compensation.

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Answered on 9/23/17, 10:13 am


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