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Reena Gulati Blog

New York law recognizes a Fiduciary’s right to be compensated in their capacity as an agent. A fiduciary is entrusted with the authority to manage and distribute the property of the deceased individual. A fiduciary includes an Executor and Administrator and/or Trustee. This right to be compensated is premised upon the fiduciary’s taking active control of the property of the decedent and then assuming liability for managing and ultimately distributing the assets of the estate.

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