Legal Question in Wills and Trusts in District of Columbia
Administrator fees
does the administator of an estate receive a fee from the estare before distributing assets
Asked on 5/02/09, 7:43 pm
2 Answers from Attorneys
Russell W. Hall III
The Office of Russell W. Hall III
Re: Administrator fees
In South Carolina, the personal representative receives 5% of all personal property, income, and 5% of the sale proceeds of real property. They may receive this prior to paying claims and distributing assets to the beneficiaries and heirs.
Good luck!
Answered on 5/03/09, 9:34 am
William Cutchin
Cutchin Law Firm
Re: Administrator fees
The Personal Representative is entitled to a fee after the creditors' claims are paid and before the assets are distributed to the devisees or heirs.
Answered on 5/03/09, 10:12 am
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