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Oklahoma Statutes Citationized
Title 58. Probate Procedure
Chapter 10 - Accounts and Payments
Section 527 - Commissions and Fees
Cite as: O.S. §, __ __
A. When no compensation is provided by the will, or the executor renounces all claim thereto, he must be allowed commissions upon the amount of the whole estate accounted for by him, excluding all property not ranked as assets, as follows:
1. For the first thousand dollars, at the rate of five percent (5%);
2. For the next Five Thousand Dollars ($5,000.00), at the rate of four percent (4%); and
3. For all amounts above Six Thousand Dollars ($6,000.00), at the rate of two and one-half percent (2 1/2%); and the same commission must be allowed administrators.
In all cases such further allowance may be made, as the judge of the district court may deem just and reasonable, for any extraordinary service. The total amount of such allowance must not exceed the amount of commissions allowed by this section.
B. Co-executors and co-administrators shall be entitled, as a unit, to the same fee allowable to a single executor or administrator, which shall be divided among them as the court may determine, unless they agree to a different division and the division is approved by the court.
C. An executor or administrator who does not serve during the entire administration of an estate shall be entitled to only a portion of the fee provided in subsection A of this section, and such portion shall be determined by the court in its discretion.
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
The executor's fee is generally set by state law.
what if the estate executor fee in arkansas
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.
five percent
what is a reasonable executor fee in new mexico
how do you figure estate executor fee in colorado
It can be up to 10% of the entire worth of the estate.
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 are executor fees in the state of Colorado?
2%
3%