Boone & Crockett - 2/17/2021 21:37
gene_champ - 2/17/2021 22:13
coup - 2/17/2021 21:43
glfarms - 2/17/2021 20:31
As executor I am not taking anything. The lawyer has proposed a fee of 1% on non probate and 1.5% of probate assets. Just checking to see if this is an acceptable %. I really question the LLC assets as being a probate item when there is a clear page labeled Schedule A. Each of the children are listed with a 25% share TOD (transfer on death)
I would propose lawyer gets paid hourly fee, if he doesn't accept find one that will.
Hourly fee is a good idea if you can find one to accept it. On a simple as estate with sizable assets, the percentage fee is outrageous. Personally I am going to look into setting up a trust and all pod registered accounts to try to minimize there fees.
Gene, feel free to shoot me an email, and I’ll provide my attorneys contact if you wish. His firm limits the fees to settle estates at $16,000. Trusts and TOD’s have some negatives I’m not going to go into now, and arrangements I was not personally willing to enter into when I know my maximum exposure is only $16,000 to settle my estate in legal fees.