Legal Question in Wills and Trusts in New Jersey
Is the executors fee from an estate figured before or after all debts (mortgage, home equity, etc.) are satisfied?
Asked on 11/08/10, 12:16 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
The Executor's fee is determined on the Gross Estate which means before debts. The Executor makes an application to the Superior Court, Probate Part for approval of the fee.
I hope this helps!
Ron Cappuccio
www.SaveYourEstate.com
Answered on 11/13/10, 4:10 pm
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