max of 6% by law
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.
how do you figure estate executor fee in colorado
what is a reasonable executor fee in new mexico
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.
As a general rule, executor compensation is in addition to fees. For example, if the executor pays $400,000 in lawyers' fees, as an expense of the estate, it has no impact on the claim for a percentage as a fee. Many family executors or administrators waive any fee and consider it a privilege to assist in interpreting the intent of the decedent.
What are executor fees in the state of Colorado?
3%
According to the Kentucky Revised Statutes (KRS) 395.150 "The compensation of an executor, administrator or curator, for services as such, shall not exceed five percent (5%) of the value of the personal estate of the decedent, plus five percent (5%) of the income collected by the executor, administrator or curator for the estate." You can view the full text of KRS 395.150 at http://www.lrc.ky.gov/krs/395-00/150.PDF