As a personal representative in Oregon, you may be entitled to receive compensation for the work you do managing the estate of a deceased person. In this post, we’ll discuss the guidelines for determining compensation and how to request payment.
As a personal representative, you are responsible for managing the affairs of a deceased person’s estate. This can involve tasks such as paying bills, distributing assets, and handling legal issues. In Oregon, personal representatives are entitled to receive reasonable compensation for their work.
The amount of compensation you can receive depends on the size and complexity of the estate and is controlled by statute. Generally, the more work involved, the higher the compensation. You can also receive compensation for any out-of-pocket expenses you incur while performing your duties.
To request compensation, you’ll need to file a petition with the court and provide details about the work you’ve done and the amount of compensation you’re seeking. The court will review the petition and determine an appropriate amount of compensation based on the guidelines outlined in Oregon law.
It’s important to keep in mind that as a personal representative, you have a fiduciary duty to act in the best interests of the estate. This means that you must be transparent and honest in your request for compensation and not seek more than is reasonable for the work you’ve done.
If you have any questions about compensation as a personal representative in Oregon, you should speak with an experienced estate planning attorney. They can provide guidance and help you navigate the process of requesting payment.
At Soriano Law, we work with our clients who are appointed as personal representative and are well-versed in the law. If you have questions about estate planning, probate, or wills and trusts, call us today to speak with an attorney.