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A fee that represents a reasonable compensation for the amount of time and effort expended by the executor.
In other words... there's no specific dollar amount; it depends on the details.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoTennessee courts typically base the fee on the following: if the value of the estate is under $50,000 a minimum fee of $500 to the estate executor is considered reasonable.
Wiki User
∙ 9y agoA reasonable executor fee in the state of WV is about 5 percent of the total. Executors typically paid a certain percentage and not a set amount.
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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.
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
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 proponent of will receive executor fee in Virginia?
Yes, the executor certainly may charge for their services. The amount must be reasonable and approved by the court.
How much should an executor get paid?
Executors don't normally work on commission. An executor is entitled to a reasonable fee for services rendered. The probate court may even have a published fee schedule based on hourly rates. The executor must submit a detailed accounting of the estates assets and the distribution, including their fees,to the court for approval.
What is the fee an executor of an estate receives in Massachusetts?
They get paid for reasonable out of pocket expenses as the court may allow. There is no set amount and if it is not stated in the will then the beneficiaries decide the amount. If they can not agree on the fee a judge decides what is reasonable.
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 is the fee an executor of an estate receives in Colorado?
how do you figure estate executor fee in colorado
What is an Executor's commission?
A reasonable fee an executor can charge for doing all the work (and there can be a lot of it) in executing a will. This fee will be on top of any expenses and will come out of the estate before any inheritance payouts. Heirs should be able to see what the expenses and commission are, should they wish to do so - it is the duty of the executor to keep detailed records/accounts.
Does executor get left anything in the will?
That will depend on the will. There is nothing to prevent the executor from being left something, and they can collect a fee from the estate.
