Can you pay someone to be your personal representative?
Can you pay someone to be your personal representative?
Yes, you can pay someone to be your personal representative. In the probate,ou’d be paying someone to be the administrator, and they would be paid out of the probate estate assets. Or in a trust administration, you can pay someone to be a professional trustee. These are professionals, fiduciaries. They are licensed by the state. Their job is to follow the estate planning documents and follow the law.
It’s an excellent option for lots of situations where a family member is not available for one reason or another to act as a personal representative. Either way, the personal representative is going to want an experienced attorney to guide them through the process, especially when it’s a professional who’s not a family member.
We want to make sure that everything is being done correctly and is properly supervised by an experienced attorney.