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Does an independent administrator receive a fee from the estate in IL?

Does an independent administrator receive a fee from the estate in IL?

Yes. Every executor and administrator is entitled to receive a reasonable fee for his or her services. What is "reasonable" will depend entirely on the circumstances and should be discussed with the probate attorney early in the process. Ultimately, if contested, the probate judge has the final say on what is and what is not a reasonable fee. An executor's (or trustee) fee is taxable income to the executor or trustee.

$50-75 an hour is not unreasonable when comparing it to other fees charged by attorney's.

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