Legal Question in Wills and Trusts in Oregon
Personal Represenative
How is compensation, if any, figured for a Personal Representative figured in a probate case ?
1 Answer from Attorneys
Re: Personal Represenative
Oregon allows compensation for a personal representative on a sliding scale as follows:
On the estate property subject to jurisdiction of the probate court:
Seven percent of any sum not exceeding $1,000; plus
Four percent of all above $1,000 and not exceeding $10,000; plus
Three percent of all above $10,000 and not exceeding $50,000; plus
Two percent of all above $50,000.
On property not subject to probate court jurisdiction, but reportable for Oregon or Federal inheritance taxes (but not including life insurance):
One percent of the total amount.
If the estate requires extraordinary and unusual actions on the part of the personal representative, the court can award additional compensation, if the court is convinced that the statutory compensation is insufficient.