Legal Question in Wills and Trusts in Illinois
is it leagle to charge a fee for being the executor of a parents will?
Asked on 2/08/13, 7:00 pm
3 Answers from Attorneys
Henry Repay
Law Offices of Henry Repay
Yes, a reasonable fee may be charged.
Answered on 2/08/13, 7:31 pm
Steve Raminiak
Law Offices of Steve Raminiak, P.C.
Yes. Any Executor may charge a reasonable fee. In Cook County, and other nearby counties, is usually based on the amount of time spent.
Answered on 2/11/13, 11:38 am
Virginia Prihoda
Law Offices of Virginia Prihoda
Yes, so long as the recipient of the income reports it as taxable income.
Answered on 2/11/13, 2:22 pm