Executor Expense Reimbursement in Burlington County, New Jersey
Posted on Fri Feb 13, 2015, on Probate and Estate Administration
From our “Ask a Question” Mailbag: Executor Expense Reimbursement in Burlington County, New Jersey
Most Recently Updated July 9, 2018.
“As Executor of a Burlington County, New Jersey Estate, can I be reimbursed for mileage?”
Executor Expense Reimbursement in Burlington County, New Jersey
As the executor of an estate in Burlington County, NJ, your expenses incurred in handling the estate are reimbursed from the estate assets. Typical examples: filing fees, parking fees, travel fees, and money that you pay to have the estate assets secured or cleaned.
For example, the cost of the airfare to attend your mother’s funeral would not be reimbursed. However, if you had to travel to the Burlington County Surrogate’s office to file the will, that cost can be reimbursed.
This includes mileage. The IRS issued standard mileage rates. Effective January 1, 2015, the IRS mileage allowed rate is 57.5 cents per mile.
These are guideline amounts that you may use and which the other beneficiaries can object to, but they certainly give you a starting point.
More Probate Questions?
Executor expense reimbursement in Burlington County is only part of the overall probate process. By all means, if you wish to learn more, please read my more detailed article, The Probate Process All You Need to Know.
In Conclusion: Executor Expense Reimbursement in Burlington County
I hope that this article was helpful in explaining executor expense reimbursement. Further, I included links to even more detailed information on my website. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!
Let our Probate Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced Probate Attorneys. By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!
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