What is the standard fee for an executor of a will?
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Works at the International Seabed Authority, Lives in Kingston, Jamaica.
State rules vary widely. Percentage of the estate. California, for example, lets an executor charge 4% of the first $100,000 of an estate's value; for a $1 million estate, the fee is $23,000. The value of the estate is its gross appraised value--for purposes of calculating the fee, debts are not subtracted.
2023-06-11 09:34:30
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State rules vary widely. Percentage of the estate. California, for example, lets an executor charge 4% of the first $100,000 of an estate's value; for a $1 million estate, the fee is $23,000. The value of the estate is its gross appraised value--for purposes of calculating the fee, debts are not subtracted.