September, 2021

Compensation & Fees for Personal Representatives, Trustees, and Attorneys in Florida Estates and Trusts

September 15th, 2021

Posted in Estate & Personal Planning,IRS & Tax Information

Under Florida law, the personal representative of an estate (sometimes also called an executor) and the trustee of a trust are entitled to compensation, as are the attorneys who represent the personal representative and trustee.

Compensation of Personal Representative The personal representative is entitled to a commission from the estate assets, which can be calculated using a percentage of the inventory value of the probate estate assets and the income earned during administration. For a formal probate administration, the following table sets forth what amount is deemed to be reasonable compensation:

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