Lansing, MI – The Department of Attorney General recently intervened in the Estate of Loyal Ray, ordering an Adrian attorney to repay back thousands of dollars to the estate’s beneficiaries.
Dana Nessel announced that the Department successfully obtained orders reducing the personal representative fee charged by attorney William Benz from $200 an hour to $75 an hour, requiring him to pay approximately $23,800 back to the estate’s beneficiaries.
A personal representative is a person that administers the estate of a deceased individual – martials the assets of the estate, prepares an inventory and accounts, provides notice to creditors, distributes gifts, appears in court, and takes other actions necessary to pay the estate’s creditors and distribute its assets to the decedent’s family or devisees.
In administering the estate, they are entitled to reasonable compensation for their services.
AG Nessel’s office says that by charging an unreasonable hourly rate for personal representative services, Benz was able to syphon thousands of dollars off the Estate to the detriment of the beneficiaries including Planned Parenthood of Michigan, the Michael J. Fox Foundation, the American Red Cross, and the Alzheimer’s Foundation of America.
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