Legal Question in Wills and Trusts in Indiana

Power of Attorney

Does the person having Power of Attorney and the Executor of the Will get paid for those jobs? If so, how much.


Asked on 7/29/06, 11:25 am

1 Answer from Attorneys
Jeffrey R. Gottlieb Law Offices of Jeffrey R. Gottlieb, LLC

Re: Power of Attorney

Yes, unless the governing document says otherwise, the fiduciary is entitled to "reasonable compensation". What is reasonable depends on the situtation and many factors -- time, complexity, value of estate, sophistication of fiduciary, etc. If fee might be disputed or contested, often it is best to agree on a rate early on in the process and keep time records of time spent.

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Answered on 7/29/06, 10:40 pm


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