How Much is a Personal Representative Compensated in Maryland Probate?

If you have taken on the responsibility of being the Personal Representative of an estate in Maryland, you may be wondering if—and how much—you will be compensated for your time and effort.

The role of Personal Representative involves a variety of tasks and responsibilities, which we have written about in our post “What is the Roll of a Personal Representative.”

As compensation, Maryland law specifies that a Personal Representative can be awarded no more than 9% of the first $20,000 of an estate’s value. For any amount exceeding $20,000, the Personal Representative can claim 3.6% of that remaining value. For example, if an estate is valued at $20,000, the Personal Representative is entitled to up to $1,800 in compensation. If an estate is valued at $1M, the compensation would be no higher than $37,080. Keep in mind that any funds distributed to named beneficiaries on insurance or retirement accounts are not included in this calculation.

For a free, confidential conversation to discuss compensation for a Personal Representative, or estate administration in general, contact Maryland estate attorney Stephen J. Reichert at 410-299-4959 or sreichert@reichertlegal.com.

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