What does an estate executor customarily charge for services?

Answer

According to About.com, the executor of an estate is paid a percentage fee based on the laws of the state of residence and the amount of money in the estate. Bankrate lists the industry standard at approximately 3 percent of the estate's value.

A flat rate, bequest or percentage amount may be written into the will of the deceased to cover the executor fees, notes About.com. The will should be consulted first. If no provisions exist, the probate court generally decides the percentage amount based on state law and the value of the estate. In addition to the executor's fee, he may also be entitled to reimbursement for out of pocket expenses and additional fees for extraordinary services, such as liquidation of the estate for disbursement.

Q&A Related to "What does an estate executor customarily charge..."
The industry standard to charge as an estate executor is 3 percent of the value of the estate, says Pat Curry of the Bankrate website. As a typical estate is worth $1 million or less
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THEY USUALLY DO IT ON A FLAT FEE BASIS DEPENDING ON THE VALUE OF THE ESTATE ALTHOUGH SOME HAVE STRAIGHT CASH FEES .
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n The fee level determined by the administrator of a dental benefits plan from actual submitted fees for a specific dental procedure to establish the maximum benefit payable under
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A fee that represents a reasonable compensation for the amount of time and effort expended by the executor. In other words. there's no specific dollar amount; it depends on the details
http://wiki.answers.com/Q/What_is_a_reasonable_exe...
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