Legal Question in Wills and Trusts in Pennsylvania
my mother passed away and I am in charge of her estate as stated in the will. there are 2 other persons included in the will, what % fee do I receive from the estate to handle it, I heard anything from 1% to 5%, is there a set figure. there is no house just cd's in the bank and I am on the accounts with her. thanks you
1 Answer from Attorneys
You must first probate her will to open the estate, and give the required notices. The Office of the Register of Wills will provide you with a package of documents containing those forms and instructions. The rest of the administration involves advertising the estate, making sure that you know all of the debts, paying them, including all taxes, and only then may you distribute the remaining assets in the estate.
There is no set fee. While the executor is permitted to take a fee, most relatives in your situation do not take a fee unless the estate is complicated and requires lots of administrative work and accounting.
This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.
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