At what percentage does a will executor have on a piece of Real estate Property willed to somebody.. And what are the Involving steps.?
- SCATTY cLv 63 weeks ago
An executor of a will has ZERO claim. Their sole function is to carry out the wishes of the deceased, as laid out in the will.
- MaxiLv 73 weeks ago
None! An Executor/rix just legally executors the wishes as written in the Will legally, they have no claim on any 'percentage' of the estate.
- babyboomer1001Lv 73 weeks ago
Look up the words "executor" and "beneficiary". They are not the same. The executor has a job to do. A beneficiary is entitled to assets stated in the Will.Source(s): Certified Paralegal, with 25+ years' experience & with Wills & Estates law experience.
- L. E. GantLv 73 weeks ago
The executor usually gets paid for expenses incurred for the executing of the will's details. It can be disputed, which might involve going to court or agreeing to a settlement through a moderator.
It's not usually a percentage, but can involve the actual expenses, plus a fee for the time used in the carrying out of the will's provisions. But the will can suggest a percentage, especially if the amount is large.
- What do you think of the answers? You can sign in to give your opinion on the answer.
- SlickterpLv 73 weeks ago
They have no percentage. They just execute the will.
- Anonymous3 weeks ago
Your question is not very clear, so I’ll have to guess your intent. The executor has no ownership rights over any property which they are not designated as a beneficiary. The first step in transferring ownership of assets in an estate is to notify the Probate Court in the county which the deceased lived. Plenty more steps which you can easily find yourself with a simple Internet search.
- TavyLv 73 weeks ago
They don't get anything. An Executor can only charge for time spent executing the will.
You have got that wrong.
- realtor.sailorLv 73 weeks ago
The executor is to follow the terms of the will! Unless the will says differently the executor doesn't get "...a piece of Real estate..."