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Yes it is. Most people don't put a % for a fee for all the work the Executor/Executrix has done. It really should be put in a Will (I have it in mine.) In Canada you can charge from 1% to 5%, but if you go over 3 1/2% it may go to court first. Marcy

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โˆ™ 2006-04-04 18:43:03
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Q: If no executor fee is stated in the will does the state assign one?
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What is the executor fee in Colorado?

What are executor fees in the state of Colorado?


Is there a fee for a executor of a will?

The executor's fee is generally set by state law.


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.


Is executor fee in NJ taxable?

Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.


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.


How much can you charge for an executor fee in state of Maine?

five percent


What is a reasonable executor fee in WV?

A 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.


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 fee can an executor of an estate charge in NM?

what is a reasonable executor fee in new mexico


What date is the executor fee calculated on?

It is valued on the date chosen by the executor for the valuation of the estate. Check the laws for the allowable range in your state.


What is executor fee of will in Louisiana?

It can be up to 10% of the entire worth of the estate.


What is the executor fee in Connecticut?

Executor fees vary from county to county and also depending on what you need the executor for. Call around and get some prices in your area within the state of Connecticut.


Does an executor have the right to a fee after probate on the sale of a property?

The executor is entitled to be paid for their time. If they are working to sell the property, they can get a fee.


Is an executor fee taxable?

It is considered income. That means it is subject to city, state and federal income tax.


What is the executor fee in Oklahoma?

2%


What is the executor fee in PA?

3%


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.


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.


What is a reasonable executor fee in Tennessee?

Tennessee 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.


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.


Can I ask for a fee to be executor of my Father's estate?

Yes. A court appointed executor is entitled to be paid for their service and the rate is set by state law. If there is a will, there may be a clause that restricts it for a family member serving as the executor. Depending on the jurisdiction, that may be valid.


Can an executor be paid for expenses?

Yes, an executor can be paid for expenses. In some states there is a fee specified.


Do you have to pay a fee to the court to become a executor?

It will depend on the state laws and the will. There are fees to register an estate and some of them require a bond.