five percent
They are pretty much in charge of the estate. Only the court can over ride the executor.
They will charge based on the laws of the jurisdiction. And they will charge the maximum allowed under the law, but must have the court agree.
25 cents.
A maximum of 5%, but that can be contested by beneficiaries if they are under the impression the estate did not require a lot of work to administer.
That will depend on the laws in your jurisdiction. Most states have passed some sort of cap, often a percentage of the total value of the estate. And the court has to approve the payment.
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.
Washington state is roughly 1/3 bigger than the state of Maine. According to online sources, the total area for the state of Maine is 35,385 square miles whereas Washington state comes in at a much larger 71,300 square miles.
In South Dakota, the executor fee is typically based on a percentage of the estate's value, often around 2% to 5%. However, the exact amount can vary depending on the complexity of the estate and any specific provisions outlined in the will. Executors may also charge for additional services provided, such as managing assets or handling tax matters. It's advisable to consult state laws or a legal professional for precise guidelines.
Texas is a much longer state going from south to north, but Maine is located considerably further north.
The executor had no idea how much work was required in settling an estate.
Petroleum deposits are found in greater quantities in Oklahoma compared to Maine. Oklahoma is one of the top oil-producing states in the U.S., with significant reserves and active drilling operations, while Maine has much lesser oil production and reserves.
There's no automatic entitlement for the executor to receive any kind of payment. However the will itself might specify some form of compensation for them.United StatesExecutor's fees are set by statute in each jurisdiction.