A. It seems you’re trying to determine how the executor fee, also called the corpus commission, is set. In New Jersey, the fee is 5% of the first $200,000 of assets taken in by the executor, 3.5% of ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...
When someone dies, the executor, whose job is to probate the decedent's estate, is entitled to a fee for his or her services. The question is, How much? The answer depends on where the decedent's ...
Q. New Jersey statute has a schedule of reasonable fees for services provided by the executor of an estate based on the value of the probate estate. If the only probate asset of value is a house and ...
It’s hard to find good help, especially when you’re dead. Choosing an estate’s executor, the person who carries out the terms of a will, is a fraught decision, and whether you tap a friend, family ...
But the result is the executor coming to that same law firm after the will maker has died because the original will is ...
Financial advisor Mark Faiz Sakkejha received a painful reminder in 2012 that a financial advisor cannot act as executor of a client’s estate. Faiz Sakkejha was fined $7,500 by the Mutual Fund Dealers ...
It’s hard to find good help, especially when you’re dead. Choosing an estate’s executor, the person who carries out the terms of a will, is a fraught decision, and whether you tap a friend, family ...
Consider the hypothetical case of Jessica from Minneapolis, whose father died four years ago. She was entitled to a ...
When someone passes away, it’s up to their executor to handle the probate process. But what happens if the executor of a will dies? While that’s a rarity, it can create complications as someone else ...