Legal Question in Wills and Trusts in Illinois
What is the Executor/Administrator Fee in Illinois?
Where in that state statutes would I find this information?
1 Answer from Attorneys
Reasonable compensation:
(755 ILCS 5/Art. XXVII heading)
ARTICLE XXVII
MISCELLANEOUS
(755 ILCS 5/27‑1) (from Ch. 110 1/2, par. 27‑1)
Sec. 27‑1. Fees of representative. A representative is entitled to reasonable compensation for his services, but no fees, charges or other compensation may be allowed a public administrator for services performed in administering that part of the estate of any United States war veteran which consists of compensation, insurance or other monies due or payable from the United States because of the veteran's war service. No fees, charges or other compensation may be allowed an employee of the Department of Human Services or the Department of Children and Family Services designated under paragraph (b) of Section 11‑3 for services as guardian of the estate of a patient or resident in a State mental health or developmental disabilities facility or other State institution.
(Source: P.A. 89‑507, eff. 7‑1‑97.)
(755 ILCS 5/27‑2) (from Ch. 110 1/2, par. 27‑2)
Sec. 27‑2. Attorney's fees.) The attorney for a representative is entitled to reasonable compensation for his services.