All beneficiaries are entitled to an accounting, including an explanation of personal representative ("executor") fees. Executor fees are also dictated by state law, although decedents can specify in their wills just how much their nominated executor—also sometimes referred to as the personal representative—should be paid. (Practically, however, it might not be a good idea to name an out-of-state executor.) MCL 600.871(1) provides: “In all decedents' estates in which proceedings are instituted for probate, the probate court shall charge and collect the following fees as an expense of administration on the value of all assets, as of the date of death of the decedent, as follows: The court must appoint that person unless someone else challenges your choice of executor and there is clear evidence that he or she is “incompetent or unsuitable” to serve. If no, does paperwork for an executor need to be filed? In Michigan, the executor of a will is known as the "personal representative," according to Article VII of the Michigan Estates and Protected Individuals Code. Florida Legislature. Executors for FL estates are entitled to compensation primarily based on a sliding scale from 1.5% to 3.0% of estate gross value, excluding assets with named beneficiaries. Notice to Creditors, Decedent’s Estate: pc574 9/12: MCL 700.3801, MCR 5.106(A), MCR 5.208(A) (9/11) previous approved form which can be used until depleted with hand correction. While actual calculations are more complex, examples include 5% of amounts received or paid out in cash for Texas estates, or 4% of gross value for CA estates worth <$100K. This fee must be paid before closing the estate or within one year after filing the proceeding to probate the estate. Probate Court Fee Tables January 2019 FEES APPLICABLE TO MULTIPLE TYPES OF CASES Type of Filing or Request1 Authority (MCL) Fee Amount2 Waivable3 Distribution Demand for Jury Trial 600.857(3) $30.00 Yes Funding Unit Motion 600.880b(1) $20.00 Yes $10 Funding Unit $10 State Court Fund Objection 600.880b(1) $20.00 Yes $10 Funding Unit the house isn’t being sold because he is living in it. A person’s estate refers to all the money and property owned by the person at their death. As stated above, an executor or executors in your case, can receive reasonable compensation for their efforts. The fee must be "reasonable." 5%. Most Michigan probate cases can be wrapped up within seven months to a year after the personal representative is appointed. Under Michigan laws, the individual who carries out instructions in a will is known as a personal representative. This notion means that if executor fees were typically 1.5%, then 1.5% would be considered reasonable, and 3% may be unreasonable. If you're trying to make sure that your hard-earned estate is distributed according to your wishes, it's important to speak with a professional. What are executor of estate fees? These fees will likely be paid on an hourly basis. "Title 20 - § 3314. However, there is some helpful guidance for executors in Pennsylvania. My mother passed away in Michigan. By law, executors are entitled to receive a fee for the work they do. The process in Michigan is similar to those in other states. Other factors include the amount of time and effort the executor must spend working on the estate. Kentucky executor fees should not exceed 5%, North Carolina executor fees should not exceed 5%, therefore reasonable compensation is often used, For all amounts above $25,000,000, remaining executor fees in California are to be a reasonable amount as determined by the court, 2% for remaining amounts greater than $5,000, $1,800 plus 3.6% of the excess over $20,000, Remaining amounts greater than $5,000,000 is 2%, Remaining amounts greater than $6,000 is 2.5%, Remaining amounts greater than $800,000 is 2%, Remaining amounts greater than $20,000 = 2%. As in other states, personal representative fees in Michigan vary, depending on several factors. The Moneyologist My brother blindsided us with a $20,000 fee to be executor of our mother’s estate Published: Aug. 4, 2016 at 11:46 a.m. 03-20) Fee Transmittal for State of Michigan Probate and Circuit Courts Issued under authority of P.A. 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