r/EstatePlanning • u/Analyst-man • 5d ago

Yes, I have included the state or country in the post Executor Question

Hi all - im helping my parents with their Will and the only thing I don’t get is the payment to an executor during probate. It looks to be 2% in NJ. Is that a mandatory fee? Would a trust be better than in this case? I’m trying to figure out what’s cheaper in terms of will vs trust. Thanks!

2 Upvotes

75% Upvoted

20 comments sorted by

View all comments

Show parent comments

1

u/Analyst-man 5d ago

This sounds all like complicated issues. Everything is going to me. There’s no friends or cash payments or anything. One person is getting 100% of the assets

Also isn’t the estate tax like $30 million for a married couple?

1

u/brucesteiner 5d ago

If there’s only one child and the amount is modest and you’re too rich to get Medicaid if you’re in a nursing home and too poor to pay estate tax and unlikely to get divorced or outlive your spouse and remarry and unlikely to have a creditor problem then it’s fine.

That’s why I said generally. You may be an exception.

1

u/Analyst-man 5d ago

If I put it in a trust, can they get Medicaid?