New Mexico Statutes 45-3-719. Compensation for personal representatives
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A personal representative is entitled to reasonable compensation for his services. If a will provides for compensation of the personal representative and there is no contract with the decedent regarding compensation, he may renounce the provision before qualifying and be entitled to reasonable compensation. A personal representative also may renounce his right to all or any part of the compensation. A written renunciation of the fee may be filed with the court.
Terms Used In New Mexico Statutes 45-3-719
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.