How is a Personal Representative Compensated?

In Florida, a personal representative is compensated either in accordance with the desires of the decedent as laid out in their estate planning documents or based on the presumed reasonable fees established by the Florida Statutes.  The commission is 3% for the first $1 million in the estate, 2.5% for all above $1 million and not exceeding $5 million, 2% for all above $5 million and not exceeding $10 million, 1.5% for all above $10 million.  Additional compensation may be due if the personal representative engages in duties such as selling a home, being involved in litigation, being involved in IRS proceedings, or other extraordinary duties.

If you are personal representative of an estate, you will need an attorney to represent your interests and guide you through the probate process.  Contact our office at (941) 906-1231 to speak with an attorney with experience in probate administration.