Can an executor take his fee from property such as a house, if it states in the Will that each of the heirs is equally entitled to the estate?
Question Details: My brother is the executor to my parents estate. He is taking an executor fee but since there is no cash he is taking the fee out of the proceeds of the house. In the Will it states that the property should be split equally to the 5 heirs. Can he take this fee from the other 4 heirs?
Yes, he can, because the law entitles him to his fee. He is not taking it from the heirs; he is taking it from the estate, beause the estate owes him the money. The fact that there is not cash in the bank does not deprive of the fee which the law says he should receive; he can take it from other, non-cash assets or from the proceeds of selling those assets (like the house).
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