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I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
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V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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Expectations may differ where I live..? I never expected to be paid.
I am not saying everyone should take on those roles for free. Just what I did.
There was much time & effort involved.. I made adjustments & took extra time here & there from my paid employment hours, I missed out on time with my spouse, family, friends, definately my exercise & hobby time suffered (had to work hard to add that back in). It was just *life*. Kind of expected..
My sister also - zilch expected. My cousins also took no fee for their duties over the last few years. But like I said, expectations can differ. If we didn't have family, I guess we would have had to pay for accountants, probate lawyers & such people.
I'm currently in an active Personal Representative role for my Aunt's estate and working with her elder law attorney. Being paid was never offered to me as an option by the attorney, not that I care or need it. I am being allowed to be reimbursed for expenses (like airfare) that relate to the estate work. But, she has a very humble estate and I wouldn't want to suck dry the funds that are intended for her inheritors.
In a new version of ChatGPT, I used your question details as the parameters and here's what search results came back as: "In Arizona, there is no maximum percentage fee that an executor (known as a �personal representative� under state law) must charge. Instead, compensation must be �reasonable,� based on actual services provided�not a flat estate percentage. Here's how it works: 1. Compensation Must Be �Reasonable� Arizona Revised Statutes �?14?3719 states executors are entitled to reasonable compensation; any fee set by the will can be renounced in favor of a reasonable fee instead eldercarelawyer.com+13law.justia.com+13p-rlaw.com+13. In practice, courts do not allow percentage?based fees (e.g., 3?% or 5?%), and Arizona law prohibits charging fees based solely on estate value. 2. Fee is Based on Time, Effort & Complexity Executors typically document: Hours worked, with tasks like asset inventory, creditor notices, tax filings, property management. Hourly rate comparable to local standards�arbitrarily, $25�$50/hr is often deemed reasonable. The court considers experience level, estate size and complexity, time commitments, professional skills used, and challenges faced (e.g., disputes, litigation). 3. Fee Petition & Court Review A fee petition must be filed and served on all interested parties within 120 days of appointment. The executor must comply with Arizona Rules of Probate Procedure Rule?33 and Judicial Administrative Order 2012?63, including detailed time logs and itemized. The probate court reviews and approves or adjusts the fee, depending on what�s just and reasonable under the circumstances. 4. No Flat Cap, But Usual Rates Typical cases fall in the $25�$50/hr range. If an Executor tried charging 3% of a $1?million estate ($30K), expect pushback�the court will likely instead weigh actual hours and rates." IMO a $2.5 million dollar estate is probably complex enough.
POA ends the minute a person dies so your husband has none now. Fees for executors vary by state. I was executor for my dad, and found out in my state an executor is paid nothing at all for doing the job. The lawyer I hired for the disbursements told me that immediately. I’m sorry for your loss and having to consider financial issues at such a time
I am thinking that the POA might have a bit of time involved as they may have to gather financial records that they have been keeping, to give to executor to make sure they know all the info such as creditors, account balance statements, etc... But yes, ability and responsibility to act for the deceased person ends at their death.
Since the estate is sizable, I wouldn't begrudge those fees. Much of their time and effort will be devoted to settling the estate, and many of the things they'd rather do will be sidelined until it's done.
Meantime, you can enjoy your life unfettered by this responsibility. Have fun! My sincere condolences on the loss of your husband.
The documents and the attorneys they are using will be being paid as well. This is commonly done. Often the will stipulates payment; state laws allow payments to certain percentages. A Fiduciary hired would easily be more today that 150.00 an hour as in my brother's end of life work for his partner the fiduciary was 120.00 an hour five years ago. Be glad you aren't saddled with this onerous hard work.
This may vary by state. I am currently acting as the Executor/Personal Representative for my late Aunt's estate. The elder law attorney I'm working with says I'm allowed to be reimbursed/compensated for certain related expenses but I'm currently not being paid by the hour. Some trusts are written so that the trustees can be compensated for their time, which I think is fair because it can be a lot of work for a long time.
Yes, my husband has passed. Thank you. All 3 children continue to work at their full time jobs. The amount they are charging seems a bit excessive. The POA is the Financial POA.
Has your husband passed away and they are acting as executors of his will?
First of all, if that is the case, my sympathies on your loss.
My experience dealing with my mother’s will and estate is the executor can put in for time and expenses dealing with the estate. BUT, the probate judge must approve the amounts. Driving expenses were all I put in for, and used IRS mileage rates. The hourly rates for time would be evaluated, honestly, on the relative value of the executor’s time. A person taking time from a well-paying job, for example, would approved for a higher rate than a retired person.
POAs expire at the death of the person. To the best of my knowledge one is not supposed to be paid to be POA, but being reimbursed for expenses is acceptable.
And, by the way, probate of a will and estate is not a fearful thing, as many seem to think. It is effectively a legal audit to make sure the estate, finances, debts, and distribution of assets has been dealt with correctly. All involved parties can attend at least the first probate hearing (ours was a Zoom session).
A will/estate lawyer absolutely should be involved, especially at that estate value and with - apparently - already questions about everything being done correctly.
Yes, my husband has passed away. Thank you. All 3 children have well paying full time jobs. I just thought their fees were a bit excessive. The POA is the Financial POA.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
I am not saying everyone should take on those roles for free. Just what I did.
There was much time & effort involved.. I made adjustments & took extra time here & there from my paid employment hours, I missed out on time with my spouse, family, friends, definately my exercise & hobby time suffered (had to work hard to add that back in). It was just *life*. Kind of expected..
My sister also - zilch expected. My cousins also took no fee for their duties over the last few years. But like I said, expectations can differ. If we didn't have family, I guess we would have had to pay for accountants, probate lawyers & such people.
Executors get % of the estate. Does the Will say they get paid up front? I think you need to talk to an Estate lawyer to see what rights they have.
Meantime, you can enjoy your life unfettered by this responsibility. Have fun! My sincere condolences on the loss of your husband.
Be glad you aren't saddled with this onerous hard work.
All 3 children continue to work at their full time jobs.
The amount they are charging seems a bit excessive.
The POA is the Financial POA.
First of all, if that is the case, my sympathies on your loss.
My experience dealing with my mother’s will and estate is the executor can put in for time and expenses dealing with the estate. BUT, the probate judge must approve the amounts. Driving expenses were all I put in for, and used IRS mileage rates. The hourly rates for time would be evaluated, honestly, on the relative value of the executor’s time. A person taking time from a well-paying job, for example, would approved for a higher rate than a retired person.
POAs expire at the death of the person. To the best of my knowledge one is not supposed to be paid to be POA, but being reimbursed for expenses is acceptable.
And, by the way, probate of a will and estate is not a fearful thing, as many seem to think. It is effectively a legal audit to make sure the estate, finances, debts, and distribution of assets has been dealt with correctly. All involved parties can attend at least the first probate hearing (ours was a Zoom session).
A will/estate lawyer absolutely should be involved, especially at that estate value and with - apparently - already questions about everything being done correctly.
All 3 children have well paying full time jobs. I just thought their fees were a bit excessive.
The POA is the Financial POA.