How Much Does the PR of a Florida Estate Get Paid?
How much is a Florida personal representative or an estate administrator paid to administer the Florida estate? It seems that a lot of family members want to know that when they’re agreeing to serve as the personal representative of an estate.
Without sounding too much like a lawyer, it depends. It depends on a number of factors: how big the estate is, what risks or liabilities exist, whether you’re engaged in administration tasks such as litigation, dealing with the IRS, like a tax controversy, whether an estate tax return needs to be filed or not, and whether you have disgruntled beneficiaries or people that are making the administration of the estate difficult. What you can do as a guide post is you can look at the Florida Probate Code and the Florida Statutes that talk about compensation for the personal representative of a Florida estate.