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Expect to pay at least $150 an hour for a probate lawyer, according to AllLaw, although probate work can easily cost $200 an hour or more. ... but that’s where you can get into trouble. As an ...
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Car insurance in America now costs a stunning $2,329/year on average — but here’s how 2 minutes can save you more than $600 in 2025 Here's why people who work with a financial advisor retire ...
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
The estate administrators and the IRS estimated portions of the estate differently. [16] [17] The estate argued that its total value was $5.1 million, while the IRS initially estimated the estate's value at more than $500 million and then reduced it to $481.9 million. [18]
An executor is a legal term referring to a person named by the maker of a will or nominated by the testator to carry out the instructions of the will. Typically, the executor is the person responsible for offering the will for probate, although it is not required that they fulfill this.
Q: How much time does it take to be an executor? As: Being the executor of an estate can eat up a few hours a week during the beginning and end of the administration, with less time required ...
Branca filed the will in Los Angeles on July 1, 2009, and was appointed co-executor. [16] After initially contesting the appointment of Branca and John McClain as executors of Michael's will, his mother Katherine withdrew her objections on November 10, 2009.