In California as an Executor of a trust, what fee can I charge the estate
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In California as an Executor of a trust, what fee can I charge the estate
I have been an unpaid caregiver, POA, Directive, etc for 4 1/2 years. I was named as the executor of my friends estate and thought I would be able to collect something after my friend passed away. Can you please tell me what if anything I am entitle to for taking care of all her affairs. She has an est. 300K and no home to sell.
Asked on October 24, 2017 under Estate Planning, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
I am so sorry for your loss. You need to review the Will first to see if in fact your fees are set there. Many times a Will does not allow for Executor fees. If, though, it does then it is set by statute in California. Good luck.
(1) Four percent on the first one hundred thousand dollars ($100,000).(2) Three percent on the next one hundred thousand dollars ($100,000).(3) Two percent on the next eight hundred thousand dollars ($800,000).(4) One percent on the next nine million dollars ($9,000,000).(5) One-half of one percent on the next fifteen million dollars ($15,000,000).(6) For all amounts above twenty-five million dollars ($25,000,000), a reasonable amount to be determined by the court.
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