What is the name of your state (only U.S. law)? New Jersey
I need some help please. My MIL past away Jan. 2008 and her daughter is the executrix of the estate. No fee for her was included in the will, but now she informs us she can and will be taking 5% for her work. Is 5% too much? It's not a big estate. Is the 5% only on monies in and out of estate (meaning debt paid, house sale)? Also, my SIL informed me that there is a life insurance policy from his deceased father that was left to my MIL (since she was the bene) in which my husband was the co-bene. Is my husband entitled to that money or is it part of the estate? Thanks for your input.
I need some help please. My MIL past away Jan. 2008 and her daughter is the executrix of the estate. No fee for her was included in the will, but now she informs us she can and will be taking 5% for her work. Is 5% too much? It's not a big estate. Is the 5% only on monies in and out of estate (meaning debt paid, house sale)? Also, my SIL informed me that there is a life insurance policy from his deceased father that was left to my MIL (since she was the bene) in which my husband was the co-bene. Is my husband entitled to that money or is it part of the estate? Thanks for your input.