![]() Professional fees charged by accountants, realtors, appraisers, auctioneers, and other necessary experts. The reasonable costs associated with administering the estate including court costs, filing fees, and other expenses related to probate. These expenses are the estate’s first priority before any other creditors are paid. In general, executors can request reimbursement for these estate expenses:įuneral and burial or cremation services including all preparation costs, casket or urn costs, cemetery fees, obituary publication, and more. From the start, it’s important to understand which estate debts can be reimbursed. Some funeral homes will wait for probate to collect their invoices, but others may require immediate payment. Sometimes the executor or a family member must pay costs with their own funds and request reimbursement from the estate later.įor example, funeral expenses are one of the first executor of will expenses you’ll likely face. However, an executor may incur some expenses before the legal process starts. When an estate enters probate, the executor can begin paying related costs and debts from the estate assets. Executor of Estate Expenses That May be Reimbursed Before you pay any estate-related costs, consult with a knowledgeable probate attorney at Barron, Rosenberg, Mayoras & Mayoras to be sure. While some payments qualify as executor reimbursement expenses, others will not. In general, estate debts may include funeral home bills, mortgage installments, realtor commissions, tax obligations, and attorney’s fees. Work with a probate attorney to administer and finalize the estate. Resolve tax issues including estate tax, income tax, real estate taxes, and more,Ĭommunicate with the beneficiaries about the probate process, and Manage real estate, make repairs, pay utilities, or sell the property, Executors must distribute estate assets according to the decedent’s instructions and pay debts associated with the estate. How Executor Expenses May be IncurredĪn estate executor oversees the estate of the deceased person, also known as the decedent. Most states allow expense reimbursement for estate executor duties, but not all expenses qualify. You may also incur certain expenses on behalf of the estate so it’s important to know which executor of will expenses may be reimbursed by the estate. Part of your responsibility is to file the will and open a probate estate to distribute the estate assets and pay debts. Depending on the size and complexity of the estate, your role as estate executor may be complicated and time-consuming or fairly straightforward. ![]() In this role, you are bound by important legal obligations. When you are named the executor of estate assets and debts for a family member or loved one in Michigan, the position is called a Personal Representative. Representation of Personal Representatives.
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