Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ESTATES AND TRUSTS |
TITLE 7. ADMINISTRATION OF THE ESTATE |
SUBTITLE 6. COMPENSATION AND EXPENSES |
§ 7-604. Payment of commissions
Latest version.
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(a) Procedure. -- Payment of commissions to personal representatives under § 7-601 of this subtitle, and attorney's fees under § 7-602 of this subtitle may be made without court approval if:
(1) (i) Each creditor, who has filed a claim that is still open, and all interested persons consent in writing to the payment;
(ii) The combined sum of the payments of commissions and attorney's fees does not exceed the amounts provided in § 7-601 of this subtitle; and
(iii) The signed written consent form states the amounts of the payments and is filed with the register of wills; or
(2) (i) The fee is paid to an attorney representing the estate in litigation under a contingency fee agreement signed by the decedent or the current personal representative of the decedent's estate;
(ii) The fee does not exceed the terms of the contingency fee agreement;
(iii) A copy of the contingency fee agreement is on file with the register of wills; and
(iv) The attorney files a statement with each account stating that the scope of the representation by the attorney does not extend to the administration of the estate.
(b) Payments as expenses. -- When rendering accounts, the personal representative shall designate any payment made under this section as an expense.