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Sometimes people who make up their Wills will have a clause pertaining to this very subject, but most never do. I have it in my Will for my Executrix. It's generally 1% - 5%, but if you go for 4% - 5% it could be questionable by the courts and reduced. I'd go for an even 3%.

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โˆ™ 2005-09-14 23:17:00
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Q: What is the fee an executor of an estate receives in Wisconsin?
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What is the fee an executor of an estate receives in Colorado?

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What is the typical fee an executor of an estate receives in Victoria Australia?

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What is the fee an executor of an estate receives in British Columbia Canada?

The Executor can receive up to 5% of the estate assets, followed by 5% of the income the estate produces.


What is the fee an estate executor receives in North Carolina?

2-3% max


What is the fee an executor of an estate receives in Washington DC?

There is no set fee, the executor is appointed by the person making the will and could be anybody, even a member of the family or a trusted friend.


What is the estate executor fee in Arkansas?

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What fee can an executor of an estate charge in NM?

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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.


Does the executor fee continue as long as the estate has property?

Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.


Who pays the executor of the estate?

The estate pays the executor. The fee is either approved by the court or proscribed by law.


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.


What is executor fee of will in Louisiana?

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


Does the executor's fee come off the top of the estate?

The decedent's debts, the costs of administration and the executor's fee must be paid by the estate prior to the distribution of any assets.


What is the estate executor fee in Saskatchewan?

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What is the fee an executor of an estate receives in Illinois?

The fee is based on the effort and is usually an hourly rate. It is standardized in some states. The executor must show the court records and documentation to demonstrate to them that the effort is legitimate and the court must approve the amount.


What is the fee an executor receives in Missouri?

5% of the first $1000,00


Is the executor of an estate paid on full value of house or what is owed?

The executor's fee is based on the value of the estate. Money owed is not a part of the estate, it is a claim against the estate.


Can you collect a fee in Florida for being an estate executor?

Yes.


Can a executor get paid their fee if the estate is not approved but its closed?

Generally: Yes. Paying their own fee from the estate, as well as distribution, must be done before the estate is closed. The executor's fee is set by law and will appear in the final account. As long as the fee is properly assessed and listed in the final account, the court will approve the final account and at that time the estate is closed. All the executor's duties must be completed before the estate can be closed.Generally: Yes. Paying their own fee from the estate, as well as distribution, must be done before the estate is closed. The executor's fee is set by law and will appear in the final account. As long as the fee is properly assessed and listed in the final account, the court will approve the final account and at that time the estate is closed. All the executor's duties must be completed before the estate can be closed.Generally: Yes. Paying their own fee from the estate, as well as distribution, must be done before the estate is closed. The executor's fee is set by law and will appear in the final account. As long as the fee is properly assessed and listed in the final account, the court will approve the final account and at that time the estate is closed. All the executor's duties must be completed before the estate can be closed.Generally: Yes. Paying their own fee from the estate, as well as distribution, must be done before the estate is closed. The executor's fee is set by law and will appear in the final account. As long as the fee is properly assessed and listed in the final account, the court will approve the final account and at that time the estate is closed. All the executor's duties must be completed before the estate can be closed.


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.


As an executor of an estate you received money do you pay taxes on it?

The fee paid to the executor is considered taxable income.


Should sibling who is executor and is inheriting estate residual be able to get executor fees from other sibling who is inheriting most of estate in real estate?

Yes. There is a lot of work and responsibility involved in being the executor of an estate. The one sibling/beneficiary who is appointed should not be reqired to work for the other beneficiary for free. In some cases the executor may not charge the statutory fee, however, they should not be expected to work for free. The executor fee should be paid from the estate. If one of two sibling is inheriting real estate then they should make a cash contribution equal to one-half of the executor's fee.


Can a executor receive 1 percent of the estate before its handed out?

The executor's fee is typically set by law. If the fee is set at 1% (or higher), they certainly can.


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.


I have a full accounting of the estate funds and the executor took money from the estate how do get this money back from the executor I am a beneficary?

The executor is entitled to be paid for their work. The court has to approve the distribution and the fee they charged, which is often set by law. If the estate has been closed, you can sue the executor if they breached their fiduciary duty.