§3-721. Proceedings for review of employment of agents and compensation of personal representatives and employees of estate
1. Procedure. After notice to all interested persons, on petition of an interested person or on appropriate motion if administration is supervised, the propriety of employment of any person by a personal representative, including any attorney, auditor, investment advisor or other specialized agent or assistant, the reasonableness of the compensation of any person so employed or the reasonableness of the compensation determined by the personal representative for the personal representative's own services may be reviewed by the court. Any person who has received excessive compensation from an estate for services rendered may be ordered to make appropriate refunds.
[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
2. Reasonable fee factors. Factors to be considered as guides in determining the reasonableness of a fee include the following:
A. The time and labor required, the novelty and difficulty of the questions involved and the skill requisite to perform the service properly; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
B. The likelihood, if apparent to the personal representative, that the acceptance of the particular employment will preclude the person employed from other employment; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
C. The fee customarily charged in the locality for similar services; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
D. The amount involved and the results obtained; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
E. The time limitations imposed by the personal representative or by the circumstances; and [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
F. The experience, reputation and ability of the person performing the services. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).
Structure Maine Revised Statutes
Article 3: PROBATE OF WILLS AND ADMINISTRATION
Part 7: DUTIES AND POWERS OF PERSONAL REPRESENTATIVES
18-C §3-701. Time of accrual of duties and powers
18-C §3-702. Priority among different letters
18-C §3-703. General duties; relation and liability to persons interested in estate; standing to sue
18-C §3-704. Personal representative to proceed without court order; exception
18-C §3-705. Duty of personal representative; information to heirs and devisees
18-C §3-706. Duty of personal representative; inventory and appraisal
18-C §3-707. Employment of appraisers
18-C §3-708. Duty of personal representative; supplementary inventory
18-C §3-709. Duty of personal representative; possession of estate
18-C §3-710. Power to avoid transfers
18-C §3-711. Powers of personal representatives; in general
18-C §3-712. Improper exercise of power; breach of fiduciary duty
18-C §3-713. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
18-C §3-714. Persons dealing with personal representative; protection
18-C §3-715. Transactions authorized for personal representatives; exceptions
18-C §3-716. Powers and duties of successor personal representative
18-C §3-717. Corepresentatives; when joint action required
18-C §3-718. Powers of surviving personal representative
18-C §3-719. Compensation of personal representative