| David M. Frees, III |
Phone: 610-933-8069 120 Gay St, Phoenixville, PA 19460 |
Douglas L. Kaune |
Douglas Kaune, Probate attorney
Free Report on The Most Copmmon Mistake Executor's Make
It is an honor to have been named as an executor of an estate, or as a trustee of a trust. The person who created the will or trust obviously had a great deal of faith and confidence in you as a person, and in your ability to get things done, quickly, efficiently, cost effectively, and to keep the peace among often competing interests at a difficult time in their lives.
But most trustees and executors are surprised to discover that those jobs are difficult, time consuming, and carry a great deal of exposure to personal liability. Now I do not mean, that be agreeing to be an executor or trustee, that you automatically become liable for the debts of the deceased. You do not.
However, there are many ways in which executors and trustees are exposed to liability for their actions and you simply must understand them before agreeing to undertake the job. Once you get started, it might be too late.
Please view this short video before being sworn in as an executor, or before agreeing to act as a trustee.
Click here for our report for Pennsylvania executors: The Ten Most Common Mistakes That Executors Make and How To Avoid Them.
For a private consultation with David Frees, in any of our conveniently located law offices, please call
610-933-8069.
For access to our free executor and trustee information and a courtesy discount on any fee arrangement, be sure to mention that you read this blog post when you call.
David M. Frees III, Esquire has a 9.8 AVVO rating of superb. Click here to read more about David M. Frees III on AVVO.
Historically, executor fees in Pennsylvania and how much can be charged by an executor, have been governed by fee guidelines as opposed to state statutory fees. For a review of a common fee guideline, see my article on the Johnson Estate Guidelines on Executor Fees.
As a result, the probate courts have always had the ability to review and to reduce fees that the judge felt were unreasonable. Courts have been especially willing to do this in cases involving disabled persons and minors.
Likewise, the family and beneficiaries have often requested that an executor charge lower fees than might be permitted where the estate administration is simple. This does occasionally result in some tension with the executor as beneficiaries who have never been an executor assume that all estates are simple. The reality is, that , estates with businesses, closely held stock, real estate and/or many beneficiaries can be very difficult and time consuming.
But, if you would like to know the identity of a very powerful party that has an interest in reducing executor’s fees then see my recent article in www.paestateplanners.com. To see the article on executors fees in Pennsylvania just click this link.
David M. Frees III
David M. Frees III writes extensively on the issues facing executors and trustees and advises banks, trust companies, and individuals on the issues involved in estate and trust administration in Pennsylvania.
For an appointment or telephone consultation call David’s assistants/paralegals at 610-933-8069
David M. Frees on Executor Fees
Avoiding The Mistakes Executors Make
Click here to get your free copy of this valuable executor resource for Pennsylvania executors.
If you are an executor, or, if you are trying to decide who to appoint as an Executor, make sure to order and read this important report for executors by David M. Frees III.
This report examines the most common mistakes executors make and how to avoid them.
If you want to do a great job as executor and avoid personal liability, or to pick just the right person, then this is an important resource that you have to read. Click here to get the 10 Most Common Mistakes Executors Make and How To Avoid Them.
David M. Fres III Esquire - Author
To view David Frees’ attorney Rating by AVVO of “Superb!” click here.
To visit our content filled web site for executors visist www.paestateplanners.com – it is filled with articles for Pennsylvania executors, trustees and for those planning their estate, wills, and trusts.
If you are an executor of a Pennsylvania estate, read this artcile before you hire counsel. The one thing that families, beneficiaries and executors all want is to minimize the costs of probate and even administering a trust or estate not subject to probate. Most firms still charge according to fee guidelines, or on an hourly basis. For many reasons, this may not be in your best interest. Find out more about flat fees for estate lawyers and probate.
David M. Frees III, Esquire
Chairman
Trust, Estate, and Wealth Preservation Section
David Frees’ AVVO Rating
610-933-8069
David M Frees III on Flat Fees For Estates
Trust, Estates and Wealth Preservation David M Frees III
In many states, the fees that executors can charge are set by statute. In Pennsylvania, executor fees must be reasonable. They are always subject to court review. In general, many executors charge fees ranging from 1% to 5% of the estates value. The Supreme Court has ruled that a three percent fee is, on the face of it, reasonable, but subject to review.
If you would like more information about what you can charge as an executor, or, what an executor might charge your estate, you can review my article on executor fees by clicking the link to www.paestateplanners.com
David M Frees III, Esquire
For a copy of “The Ten Most Common Mistakes Executors Make and How To Avoid Them” please call one of my assistants and paralegals: Donna,Denise,Whitney, Matt or Tara.
610-933-8069
We have offices located conveniently in Malvern, Phoenixville, and West Chester Pennsylvania and represent clients through out Pennsylvania including such communities as Berwyn, Devon, Chester Springs, Exton, Gladwyn, Philadelphia, Spring City, Royersford, Sanatoga, Reading, Lancaster and many more.
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