Can I Get Paid for My Work as a Personal Representative?

Yes, the probate code allows personal representatives to take a reasonable fee for their services to the estate. Personal representatives are not required to receive compensation; some choose to waive this right. 

If a personal representative does determine that they will take a fee, or if they are unsure whether they plan to, it is crucial that they carefully track the time they spend working on the estate. 

Colorado Springs probate lawyerThere is no set rate at which a personal representative is paid— we’ve assisted numerous personal representatives in applying for their fees and rates by the court, covering a comprehensive spectrum of rates. 

Determining the appropriate rate is more a matter of having the experience of what the court is likely to approve rather than a set rate schedule. 

The personal representative should consider how challenging or complex the estate administration is (a more complex estate could justify a higher rate) and whether they have any background or expertise that they employed in their role as personal representative (for example, a profession in the financial field might enhance the quality of accounting done for the estate, so could justify a higher rate).

If you are having issues with your probate matter contact a Probate Lawyer Colorado Springs residents trust. The Colorado Springs Probate attorneys at Baker Law Group have years of experience helping their clients with their probate cases.

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