How much does an executor of an estate get paid in Georgia?
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How much does an executor of an estate get paid in Georgia?
First, an executor is entitled to receive 2 1/2 percent of all money brought into the estate, and 2 1/2 percent of all money paid or distributed out of an estate. Interestingly, this amount does not include the value of real estate (unless it is sold by the executor) or stocks and bonds (unless sold by the executor).
Does a will have to be recorded in Georgia?
The will is written For a will to be valid in Georgia, it must be written – either typed or by hand. (Georgia Code § 53-4-20). Oral wills, or wills that are recorded by audio or video, are not valid in Georgia. You can read more about handwritten wills here.
How much does it cost to file for guardianship in Georgia?
Typically this fee runs between $400 – $600 depending upon the county and what is required in the petition. The petitioner(s) may hire an attorney to represent them and file the petition. The fees charged by the attorney vary widely, but will generally be between $600 to $1,500.
How long do things stay in probate?
Generally, an executor has 12 months from the date of death to distribute the estate. This is known as ‘the executor’s year’. However, for various reasons the executor may have been delayed and has not distributed the estate within this time frame.
