Death of Both Parents Raises Probate Issues

Dear Mr. Premack: I am a Texas resident, and my sister lives in North Carolina. Our dad passed away March of 2011 and his Will names my sister as Executor. She has some health issues, and so far nothing has been done by her. My questions are: 1- Is there a time limit for probating…

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…