Q: GA executor compensation
I am an Executor (non-heir) in the state of GA trying to determine my executor compensation. I have read the GA law regarding the percentages due me. My question is: I had the decedent's house remodeled following his death, and then sold at a profit. Is there 2.5% commission on the fair market value of the home as of the date of death, and 2.5% commission on the sale price? Does this same line of thinking, if correct, apply also to brokerage accounts, car, personal belongings? The cost to remodel would be 2.5% as they were debts paid out of the estate
A: The Georgia statutory provision does not provide for a "2.5% commission on the fair market value of the home." I recommend that you contact a Georgia probate attorney to assist you in properly calculating the executor's compensation. You should be able to pay the attorney's fee as part of the expense of the administration of the estate.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
