Personal representatives, accountants and attorneys can receive compensation pursuant to Section 473.153 RSMO.

Personal representatives and attorneys are compensated based upon the following schedule:

• 5 percent of the first Five Thousand Dollars;
• 4 percent of the next Twenty Thousand Dollars:
• 3 percent of the next Seventy Five Thousand Dollars;
• 2.75 percent of the next Three Hundred Thousand Dollars;
• 2.5 percent of the next Six Hundred Thousand Dollars; and
• 2 percent on everything over One Million Dollars.

The compensation schedule set forth above is the minimum compensation which is to paid to the personal representative and the attorneys. Section 473.153 RSMO provides that in any case where reasonable compensation to the personal representative and the attorneys is in excess of the minimum provided in the schedule the court shall allow such additional compensation as will make the compensation of the personal representative and the attorneys reasonable and adequate. Section 473.153 RSMO also provides that the performance by the personal representative and the attorneys of extraordinary services is not necessary to entitle them to such additional compensation.

Section 437.153 RSMO allows a personal representative to employ independent accountants, certified public accountants or tax specialists holding a valid permit to practice before the United States Treasury Department to assist the personal representative in filing the appropriate federal and state tax returns and such persons are allowed reasonable compensation for such services as determined by the court. If however, the court finds that any accountant’s services or actions in connection therewith are wrong, improper or injurious to the estate, no accountant fee whatsoever shall be allowed.

What should be included in your will is unique to your specific fact situation. The Missouri licensed attorneys at the law firm of Gregory E. Robinson, P.C., have over fifty years combined experience and they can assist you if you have questions regarding drafting a will. They will work with you to resolve your concerns regarding the probate process. The Missouri licensed attorneys at the law firm of Gregory E. Robinson, P.C., have the experience to advise you regarding how to proceed with drafting a will.

If you have questions regarding the probate process in Missouri, please feel free to watch one of my videos which discuss the probate process in more detail. If you are wondering how you might avoid the probate process in Missouri, please feel free to watch my video, A brief Guide to Living Trusts.

If you have any questions regarding the probate process in Missouri, please feel free to contact the law offices of Gregory E. Robinson, P.C., at 636 532-9500.