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Elder-caregivers

PJMcK

(23,632 posts)

1. A few observations

Reply to samnsara (Original post)

Sun Sep 29, 2019, 08:03 AM

Sep 2019

A colleague and I are co-executors of a friend's estate in New York. Each state has its own laws and rules for executors. This handy calculator helped us determine our fees:

http://www.nycprobate.com/executor_fee.html

There may be a similar site for your state.

Keep records and receipts of every transaction. I use a spiral notebook and write down each activity and it's been useful when dealing with lawyers and accountants.

Be transparent! Every action you take could be looked at by your state's attorney general when closing the estate.

Good luck! If I had known how much work this was going to be, I never would have agreed to be an executor!

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executor of will question... [View all] samnsara Sep 2019 OP

A few observations PJMcK Sep 2019 #1

oh crap and im also exec for my uncles will.. a 90 yr old curmugeon 45 miles away.. samnsara Sep 2019 #6

Your welcome and one last thought PJMcK Sep 2019 #12

wow that was a LOT of help! especially thr part : samnsara Sep 2019 #14

Going through this now with my Mom's estate. I'm in PA and yes you livetohike Sep 2019 #2

thank you.. after this is over i still have my uncles estate to deal with... samnsara Sep 2019 #7

It varies as your range indicates Jarqui Sep 2019 #3

the estate is less than $300,000 and one of my sisters abscounded about 15K in cash dad kept.. samnsara Sep 2019 #8

You can sweat them out Jarqui Sep 2019 #11

We put in our wills that the executor gets a set dollar amount Canoe52 Sep 2019 #4

I think Ive seen that in line.. I will go thru their wills with a fine tooth comb.. samnsara Sep 2019 #9

I think it really comes down to whether there are creditors or heirs who question whether Hoyt Sep 2019 #5

yes I gree. we have will attny and Im sure he can answer some questions... samnsara Sep 2019 #10

well hell this is for NY state..will have to research for WA state... samnsara Sep 2019 #13