I live in Washington State.
I have a couple of questions regarding personal representatives and what they are allowed to take from the estate.
(1) First of all: salary. In this case, the representative is one of two beneficiaries and I am the other. The estate started off with only one asset (a property worth $400,000) less than $3,000 of debt, and over $2,000 of monthly rental income. I don't know how much the representative has been paying himself, but it has been two years (I believe exactly) since the decedent's passing and the estate's account is now apparently empty. Conservatively, I guess that maybe he's paid himself $15,000 to $20,000.
How much is a representative allowed to pay himself? Is he allowed to decide the rate for himself or does the court decide an amount for him? My feeling is that he has just been taking money out of the estate's account on his own. Is there a range that is considered reasonable? Is he expected to keep track of the hours he actually worked? I'm pretty sure, in this case, there were a multitude of months in which he did nothing but pay himself.
Also, apparently the $3,000 of debt that the estate had was paid off in May, but I'm pretty sure he's been paying himself a salary for the six months since then. Is he allowed to continue to pay himself a salary when, as I understand, the probate could have already been ended?
(2) The representative has also been living in a unit on the property that should probably rent for over $2,500 per month, and has been staying there rent and utility free for the duration of the probate. I believe he moved in a couple of months into the process. Two years of gross scheduled income from this unit would be $60,000 or more.
Even if I'm being petty by being skeptical about the salary, I'm pretty sure I'm correct in feeling that this is not right, but is there anything I can do at this point regarding the tens of thousands of dollars of lost rent for the estate?
(3.) One final question: are beneficiaries entitled to an accounting of the estate when the probate is ended? If so, do we get transaction history from the estate account or is the representative allowed to just make a spreadsheet or something?
Thanks for any advice.
I have a couple of questions regarding personal representatives and what they are allowed to take from the estate.
(1) First of all: salary. In this case, the representative is one of two beneficiaries and I am the other. The estate started off with only one asset (a property worth $400,000) less than $3,000 of debt, and over $2,000 of monthly rental income. I don't know how much the representative has been paying himself, but it has been two years (I believe exactly) since the decedent's passing and the estate's account is now apparently empty. Conservatively, I guess that maybe he's paid himself $15,000 to $20,000.
How much is a representative allowed to pay himself? Is he allowed to decide the rate for himself or does the court decide an amount for him? My feeling is that he has just been taking money out of the estate's account on his own. Is there a range that is considered reasonable? Is he expected to keep track of the hours he actually worked? I'm pretty sure, in this case, there were a multitude of months in which he did nothing but pay himself.
Also, apparently the $3,000 of debt that the estate had was paid off in May, but I'm pretty sure he's been paying himself a salary for the six months since then. Is he allowed to continue to pay himself a salary when, as I understand, the probate could have already been ended?
(2) The representative has also been living in a unit on the property that should probably rent for over $2,500 per month, and has been staying there rent and utility free for the duration of the probate. I believe he moved in a couple of months into the process. Two years of gross scheduled income from this unit would be $60,000 or more.
Even if I'm being petty by being skeptical about the salary, I'm pretty sure I'm correct in feeling that this is not right, but is there anything I can do at this point regarding the tens of thousands of dollars of lost rent for the estate?
(3.) One final question: are beneficiaries entitled to an accounting of the estate when the probate is ended? If so, do we get transaction history from the estate account or is the representative allowed to just make a spreadsheet or something?
Thanks for any advice.