In Alaska, a personal representative (executor) of an estate can be reimbursed for various expenses incurred while managing the estate. These typically include:

 

 

Expenses related to the administration of the estate, such as filing fees, court costs, and costs associated with probate proceedings.

 

 

Reasonable attorney fees for legal services provided in connection with the estate administration.

 

 

Costs for accounting services, including preparing tax returns and managing financial records for the estate.

 

 

Expenses for maintaining and securing estate property, including repairs, utilities, and insurance.

 

 

Costs for travel related to estate administration, such as attending court hearings or visiting property.

 

 

Personal representatives may also be entitled to a fee for their services, which is typically an hourly rate determined by several factors, but usually not exceeding $20 per hour.  However, the Alaska Supreme Court has stated that if a Personal Representative has special skills that are utilized in administering the estate, the Personal Representative's work may warrant a higher rate of pay.

 

 

Other reasonable expenses that are directly related to the management of the estate, such as postage, office supplies, and costs for appraisals.

 

 

It's essential for the personal representative to keep detailed records and receipts for all expenses and seek approval from the court if necessary. Consulting with an attorney familiar with Alaska probate law can also provide guidance on specific reimbursements, which can help ensure that you administer probate in the most efficient manner possible. To work with Shortell Law LLC, call (907)272-8181 today.