What is a fair rate if (any to) charge for managing a relative's estate?
I have spent countless hours talking to and mailing insurance companies, foreign banks, US banks, foreign consulates, etc etc trying to the get money that is owed to my nieces. They inherited it from another family member (a large amount of money and assets) and I have been dealing with this for two years. I have never charged anything for my time, because they're my family. Would it be wrong to charge them? And if so, how much? It has and continues to take up my time--time that I need to be able to make money for myself.
We have had two family members die recently and both were handled different by the managing relatitive. The first was for and uncle who had no wife or children. He assigned a family member, who lived near him, to be the person in charge of his estate. He also left her $10,000 to do this for him.
The second one was a sister who handle my parents estate. She too has spent countless hours handling their estate. We have urged her to take payment for her time but she won't.
In my opinion, the person who handles all this deserves to get paid for it.
thanks for this. Its such a moral dilemma for me.....do I take money from my nieces by paying myself just because I'm not indepedently wealthy? Add to the situiation their mother is a witch and her husband is broke, and it makes it more of a problem. And neithe of them know anyting about how a trust "works"......
by Simone Haruko Smith 6 years ago
What are your tips for creating, sticking to, & managing a family budget? (Weekly Topic Inspiration)Budgeting as a single person is significantly different from creating and managing a family budget? What advice would you give to others looking to create, stick to, and improve their family...
by Sondra Rochelle 2 years ago
What is a fair price to charge to clean someone's house or condo?Just curious. If someone has a 1500 sq foot house that has no carpet or drapes, kids, pets, etc., how much do you think a house cleaner should charge? I have seen rates that go anywhere from a flat rate of $40 to $120 and...
by TheHoleStory 5 years ago
Is it fair for someone's spouse to charge them 25 cents every time they fart?
by M Selvey, MSc 8 years ago
Seeking advice on managing an estateAnyone know of a site or hubpage with a list of what to do after a parent has dies in terms of managing the affairs?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|