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Accepting Executor’s Fee vs. Denying Executor’s Fees

Executors May Want to Rethink Accepting their Executor’s Fee Many executors will receive money for the administrative work they have carried out. However, it may be in the executors best interest to waive their fee for tax saving purposes. For more information as to to when and why executors may want to waive their fee click …

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Executor Responsibilities in Pennsylvania Probate | Estate Planning

Executor Responsibilities in Pennsylvania Probate In Pennsylvania probate, an executor is essentially responsible for: finalizing someone’s financial and legal affairs; protecting property and assets; ensuring that debts and taxes are paid; and transferring the remainder to those who are entitled to it.   Although it is not legally required that executors have a financial …

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Pennsylvania Probate and Executor Responsibilities | Estate Planning

Executor Responsibilities in Pennsylvania Probate After the owner of an estate dies, an executor is appointed or selected to manage certain responsibilities of the estate, and such executor responsibilities can include: setting up an estate bank account that will hold money owed to the Testator, such as paychecks or stock dividends; utilizing estate funds to …

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Executor and Attorney Fees For Probate In PA

Executor and Attorney Fees and commissions For Estate Administrations and Probate in Pennsylvania (PA).  This is often a mysterious topic for many who find themselves involved in an estate administration as executor or beneficiary in PA.   There is not a perfect answer as to what the executor , attorney and probate fees will be in each case, …

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What Are Executor Fees In Pennsylvania?

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 …

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