Q: Aunt is executor of grandmas estate. Her executor fees before inheritance is 25k of 95k estate. Should I contest this?
There is an amendment in the trust that she “in her capacity as Successor Trustee may receive a stipend of up to the sum of $25,000 as and for compensation for her services as Successor Trustee.” Does this mean she should take the entire amount on top of her inheritance? There was no house, property, or car to be sold, and my grandmother was in an assisted living facility and paid her own bills (managed by my aunt). The estate before funeral ($14k) and attorney fees ($6400) is $95,000. I cant see $25k being considered “reasonable”...I’m asking on behalf of family members who are beneficiaries and need the money but don’t have the nerve to question her, as well as my deceased mother of whose share I am splitting with my brother.
A:
Stipend is a fixed amount.
It could mean grandma wanted her to take whatever she wanted up to $25,000.00.
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.
