Legal Question in Wills and Trusts in Colorado
administrator fees
Would you please tell me what a fair payment fee for an estate administrator is. Is there a set percentage, or a flat rate?.
Asked on 6/06/01, 9:06 pm
1 Answer from Attorneys
Bernard Greenberg
KOKISH & GOLDMANIS, P.C.
Re: administrator fees
Some states permit percentage fees to the Executor. Others, like my State of Colorado, does not, permitting reasonable fees. Reasonableness is a factual and legal question depending on the circumstances. Generally it would be tied to work actually done, benefits achieved and the difficulty of the work.
If you have specific questions, hire a qualified estate and trust lawyer in your community to assist you.
Answered on 6/27/01, 3:02 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
