The personal representative, the attorney, and other professionals whose services may be required in administering the probate estate (such as appraisers and accountants), are entitled by law to reasonable compensation.
Estate expenses: The personal representative’s compensation is usually determined in one of these five ways:
1. as set forth in the will;
2. as set forth in a contract between the personal representative and the decedent;
3. as agreed among the personal representative and the persons who will bear the impact of the personal representative’s compensation;
4. the amount presumed to be reasonable as calculated under Florida law, if the amount is not objected to by any of the beneficiaries; or
5. as determined by the judge.
The fee for the attorney for the personal representative is usually determined in one of three ways: 1. as agreed among the attorney, the personal representative, and the persons who bear the impact of the fee; 2. the amount presumed to be reasonable calculated under Florida law, if the amount is not objected to by any of the beneficiaries; or 3. as determined by the judge.
For help with a will, estate planning and personal representative related questions, you can contact BaskinFleece at 727.572.4545.
Some of the content of this information is courtesy of The Florida Bar and represents general legal advice. Because the law is continually changing, some provisions in this blog may be out of date. It is always best to consult an attorney about your legal rights and responsibilities in your particular case.