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According to the Kentucky Revised Statutes (KRS) 395.150 "The compensation of an executor, administrator or curator, for services as such, shall not exceed five percent (5%) of the value of the personal estate of the decedent, plus five percent (5%) of the income collected by the executor, administrator or curator for the estate." You can view the full text of KRS 395.150 at http://www.lrc.ky.gov/krs/395-00/150.PDF
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What is the Maine executor fee?
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
Is there a fee for a executor of a will?
The executor's fee is generally set by state law.
What is the estate executor fee in Arkansas?
what if the estate executor fee in arkansas
If the executor is a relative are they entitled to the executor fee?
The executor is entitled to a fee for their services. Their relationship is not a deciding factor. In many states the fee is set by law.
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
What is the fee an executor of an estate receives in Colorado?
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What is executor fee of will in Louisiana?
It can be up to 10% of the entire worth of the estate.
Must an executor charge a fee?
No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.No. They can choose to not charge a fee but that is up to the executor.
What is the fee an executor is entitled to in Colorado?
What are executor fees in the state of Colorado?
What is the executor fee in PA?
3%
Does the executor work for the beneficiary?
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
Should debts be paid before executor gets their fee?
It will depend on the estate. The executor is entitled to their fee by law, and that can take precedence over debtors.
