You've been named executor. Congrats! 🎯 But you're not the boss of the estate. You're legally responsible for it. Here's what that actually means: You're held to "fiduciary duty" — the highest legal standard. One financial misstep? Beneficiaries can hold you personally accountable. In California, you can't even negotiate attorney fees. They're set by law based on the gross estate value, not equity. So if you're paying for expertise either way, why wing it? The reality: This is what some attorne
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in California, and executor of an estate is entitled to collect fees from that estate based on a percentage, kind of like the tax code. If the probate estate is worth $1 million, the executor is entitled to $23,000 of that by the way, this is before any debts are paid on the estate. So if it is a $1 million home and there’s only $200,000 of equity in it, $23,000 still applies. Much better solution a living trust, funded with real estate and other property, and make sure it never has to go throug
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