In Florida, is a Personal Representative compensated for their services?
The Will often addresses whether a Personal Representative is to be compensated for his or her services. If the Will does not address the issue or if it specifically authorizes payment, then the Personal Representative can receive compensation. The amount of compensation will be determined by the Personal Representative but if there is any disagreement, the court makes the final decision. A Personal Representative may receive compensation not to exceed 3% of the Estate value.
In addition to PR fees, before final distribution to beneficiaries, the Estate pays the costs of reasonable attorney's fees, accounting fees and any other reasonably necessary fees. This means that these expenses come out of the Estate before distribution, so the beneficiaries share in the costs.