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Under Missouri Law, the Personal Representative is the individual appointed to administer and wind-up a decedent's estate. This is essentially the same thing as an ?administrator? or ?executor? in other states.
If you make a will, you may nominate the person to administer the settlement of your estate. A testator (the person writing a will) only nominates a PR in a will. The clerk of court or the judge makes the appointment. In performing duties, a PR must follow procedures provided in the Montana Uniform Probate Code.
The Montana Uniform Probate Code places limits on the amount of compensation that may be paid without a court order. The amount cannot exceed three percent of the first $40,000 of the value of the estate and two percent of the value of the estate in excess of $40,000.
Small Estate Summary Administration ? If it appears from an inventory and appraisal that the value of the entire estate (less liens and encumbrances) does not exceed the homestead allowance of $22,500; exempt property of $15,000; family allowance of $27,000; cost and expenses of administration; reasonable funeral ...
Montana Uniform Probate Code places limits on the amount of compensation that may be paid without a court order. The amount cannot exceed three percent of the first $40,000 of the value of the estate and two percent of the value of the estate in excess of $40,000.