What is the typical amount or percentage paid to an executor of a Will and/or estate?
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What is the typical amount or percentage paid to an executor of a Will and/or estate?
Asked on December 1, 2015 under Estate Planning, Ohio
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
Due to the extensive work that goes into the administeration of an estate, an executor can be compensated for their service. In OH, the law permits a compensation fee of a certain percentage of the estate that is equal to 1 to 4 percent, depending upon the total value of all the assets in the estate.
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