Independent Administrators Fee
What is the difference to receiving funds or selling stock regarding the 5% charge for an Independent Administrators
fee in the state of Texas.Estate is being field without a will status.
Asked on 10/30/04, 7:46 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Independent Administrators Fee
The administrator is entitled to a fee of 2.5% of money they acquire for the estate. This does not include cash accounts where the administrator does not have to do any work. The administrator is also entitled to 2.5% for money distributed to the devisees or heirs at law. I don't have case law at hand, but I'd expect it would only come into play where the administrator has to do some work.
Answered on 10/30/04, 9:04 pm
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