Articles Posted in Estate Planning

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After Decedent died in 2012, Ryan Gray was appointed as personal representative of Decedent’s estate. The final value of the estate was more than $5 million. When filing a petition for formal probate of the will, Gray submitted a request for a personal representative fee in the amount of two and a half percent of the estate. Five heirs of the estate objected to the request as excessive and unwarranted. The county court determined that Gray was entitled to a fee of $25,000 and overruled Gray’s motion to reconsider the fee. The Supreme Court affirmed the award of a personal representative fee of $25,000, holding that the award was neither contrary to the law nor arbitrary, capricious, or unreasonable.View "In re Estate of Gsantner" on Justia Law

Posted in: Estate Planning