Legal Question in Wills and Trusts in Wisconsin

Last Will and Testament

To be a personal representative of a wiil, and to serve without bond. Does that mean to serve without receiveing compensation or pay?


Asked on 8/08/00, 5:51 pm

1 Answer from Attorneys
JAY Nixon nixon law offices

Re: Last Will and Testament

No--the personal representative by statute

receives compensation of 2% of the estate,

plus actual reasonable expenses of administration.

Bond is a safeguard against dishonesty or

malfeasance by the personal rep. and is often

waived for close family members of the decedant.

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Answered on 9/14/00, 9:22 am


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