Legal Question in Wills and Trusts in Kentucky
Administrator of Will
What is the percentage an adminisitrator receives of an estate.....also is it taxable?
Asked on 8/30/01, 2:55 pm
1 Answer from Attorneys
Brandon Barnett
Brandon J. Barnett Attorney At Law
Re: Administrator of Will
In Pennsylvania most administrators can charge up to 5% of the total assets of the estate. These fees are charged to help administer the requests and directives of the testator(decedent).
Depending on the size and type of estate you may need to go through probate as well.
The fees that administrator earns are taxable as income.
If you have any additional questions please contact my office for a no fee initial consultation.
Brandon Barnett 412-916-1677
Answered on 10/02/01, 6:26 am
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