Category Archives: Personal Representative

Tips for Personal Representatives

I thought that this article had some good tips for personal representatives (same thing as executors) so I thought I would share. Click  here.

The Wills Trusts and Estates Prof Blog is a really good resource for information on those topics, and I look forward to the daily summaries I receive from it.

 

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In South Carolina, is a personal representative entitled to a fee?

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Although a personal representative doesn’t typically make as much as these guys, a personal representative in South Carolina is entitled to a fee. Generally, unless there are extraordinary circumstances, the personal representative is entitled to 5% of the appraised value of the personal property of the estate, 5% of the sales proceeds from real estate, and 5% of the estate income. The personal representative does not have to take the fee. The good news is that the minimum is fifty bucks. Many of the rules are set forth in S.C. Code Ann. § 62-3-719, if you want to look it up.