Web- Trial court correctly concluded that questions of fact remained as to whether a trustee collected excessive executor's fees under O.C.G.A. § 53-6-60 because the record … WebGeorgia Code 53-6-60 says that executors may be paid as stated in the will. If no amount was included in the will, it would be 2-1/2 percent on all money received into the estate and 2-1/2 percent for amounts paid out of the estate. It may not exceed ten percent of the annual income of the property being managed.

Considerations When Choosing an Executor of Your …

WebAn executor can be named as an heir or beneficiary. Often one of the heirs offers to be the executor, also known as a personal representative or administrator of the estate. The surviving spouse may act as executor if they are in good health and have the mental and emotional ability to handle the tasks. WebFeb 24, 2024 · The umbrella term “personal representative” includes both executors and administrators. Executors are those designated by a decedent’s will to administer the … canon printer wireless pc not found scanning

Here’s How Settling an Estate in Georgia Work

WebJul 2, 2024 · It is legal and common practice for a beneficiary to be the executor of a will, like when a surviving spouse or adult child is named to serve as executor and also receives an inheritance from the will. Named executors can always decline their nomination, so the testator (person who writes the will) can also include a backup choice or alternate ... WebThe executor — the person named in a will to carry out what it says after the person’s death — is responsible for settling the deceased person’s debts. If there’s no will, the court may appoint an administrator, personal representative, or universal successor and give them the power to settle the affairs of the estate. WebJan 4, 2024 · When the will does not outline executor commission, Georgia estate law applies a formula essentially giving the executor a commission of 2.5 percent of all … canon printer with alexa