Executor May Collect Fee if Will Authorizes Payment
Dear Mr. Premack: In a previous article you stated that the executor could not legally charge a fee for “receiving funds…which were on hand or were held…in a financial institution or a brokerage firm.” Does that mean if there are 5000 shares of stock at a brokerage firm that the executor could not collect a fee on transferring those to the heirs? Would that also include sale of stock and cash distributed to the heirs? NKS The statute is clear. Section 241 of the Texas Probate