Q: How does the court appointed administrator for an estate get paid? Does it come out of estate money?
I am the general administrator but the judge is hiring an estate administrator. Does the appointed lawyer get paid by the state or the decedent's estate?
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A:
In Arkansas, when a court appoints an estate administrator, typically a lawyer, their compensation is usually paid out of the estate's funds. This means that the payment for their services comes from the assets within the deceased's estate, not from the state.
The amount an estate administrator is paid is generally determined by state law or court order. In many cases, the fee is based on a percentage of the estate's value, but it can also involve an hourly rate or a flat fee, depending on the complexity of the estate and the amount of work required.
It's important to know that these fees are considered an administrative expense and are usually prioritized over other claims and distributions from the estate. This means that the administrator's fees will be paid before distributions are made to heirs or beneficiaries.
If you have concerns about the administration of the estate or the fees being charged, it's advisable to discuss these with the administrator or consult with an attorney who can provide guidance specific to your situation. They can help you understand the process and ensure that the estate is being managed appropriately.
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