Vermont Statutes Title 14 Sec. 1065
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Terms Used In Vermont Statutes Title 14 Sec. 1065
- Executor: A male person named in a will to carry out the decedent
- Executor: includes administrator with the will annexed. See
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- Probate: Proving a will
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
§ 1065. Fees and expenses
An executor or administrator shall be allowed necessary expenses in the care, management, and settlement of the estate and reasonable fees for services. When, by will, the deceased makes some other provisions for compensation to the executor, that shall be a full satisfaction for his or her services, unless, by a written instrument filed in the Probate Division of the Superior Court, the executor renounces all claim to the compensation provided by the will, or unless otherwise ordered by the court. (Amended 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011; 2017, No. 195 (Adj. Sess.), § 6.)