Legal Question in Wills and Trusts in Illinois

is it leagle to charge a fee for being the executor of a parents will?


Asked on 2/08/13, 7:00 pm

3 Answers from Attorneys

Henry Repay Law Offices of Henry Repay

Yes, a reasonable fee may be charged.

Read more
Answered on 2/08/13, 7:31 pm
Steve Raminiak Law Offices of Steve Raminiak, P.C.

Yes. Any Executor may charge a reasonable fee. In Cook County, and other nearby counties, is usually based on the amount of time spent.

Read more
Answered on 2/11/13, 11:38 am
Virginia Prihoda Law Offices of Virginia Prihoda

Yes, so long as the recipient of the income reports it as taxable income.

Read more
Answered on 2/11/13, 2:22 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Illinois