From our “Ask a Question” Mailbag: Executor Expense Reimbursement Atlantic County, New Jersey
Most Recently Updated July 10, 2018.
“As Executor of an Atlantic County Estate, can I be reimbursed for mileage?”
Executor Expense Reimbursement Atlantic County, New Jersey
As the executor of an estate, your expenses incurred in handling the estate are reimbursable from the estate assets. Typical examples are filing fees, parking fees, and money that you pay to have the estate assets secured or cleaned. You are also reimbursed for reasonable travel costs that were incurred only because of the estate.
If you had to travel to the Atlantic County Surrogate’s office to file the Will, then that cost can be reimbursed. You can be reimbursed a reasonable amount for other requirements of being an executor, which can include mileage on your auto.
The IRS issued its standard mileage rates in 2015. The IRS allowed rate is 57.5 cents per mile. This rate applies to the miles you drive as the executor. These are guideline amounts, that you may use, and which the other beneficiaries can object, but they certainly give you a starting point.
More Probate Questions?
Expense reimbursement 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 Atlantic 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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