What is the typical cost for maintaining the service of a financial executor named in a Will?
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What is the typical cost for maintaining the service of a financial executor named in a Will?
Asked on September 17, 2013 under Estate Planning, Colorado
Answers:
Nathan Wagner / Law Office of Nathan Wagner
Answered 11 years ago | Contributor
The typical cost will vary from state to state. In California, the executor's fee for managing an estate according to a will is set by law as a percentage of the value of the estate. (It is 4% of the first $100,000, 3% of the next $100,000, and continues from there.)
Nathan Wagner / Law Office of Nathan Wagner
Answered 11 years ago | Contributor
The typical cost will vary from state to state. In California, the executor's fee for managing an estate according to a will is set by law as a percentage of the value of the estate. (It is 4% of the first $100,000, 3% of the next $100,000, and continues from there.)
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