Legal Question in Wills and Trusts in Florida
Attorney-In-Fact/Personal Representative
I understand that an attorney-in-fact/personal representative (power of attorney) power ends upon the death of the person taken care of. However, After the death this person or someone else takes care of the estate and its affairs/bills, etc. What would be the proper/legal amount of percentage of the estate that this person would be entitled to?
2 Answers from Attorneys
Re: Attorney-In-Fact/Personal Representative
The personal representative is entitled to a commission based on the size of the estate. Generally 2 to 3%. If unique issues are involved an additional request can be made to the court. Good luck.
Re: Attorney-In-Fact/Personal Representative
The statutes authorize a commission to the personal representative of up to 3% for the first million dollars. The percentage begins declining above this amount. This is for ordinary services. The PR may be entitled to more for extraordinary services if the court allows it.