What percentage does the executor of estate get?
What percentage does the executor of estate get?
When someone dies, the executor of the estate is usually in charge of selling off the deceased's assets and paying all debts/final expenses. What percentage does the executor of an estate get? In general, the fee for serving as an estate executor is anywhere from 10-15% of the final value (after creditors have been paid). There's a lot that goes into calculating this amount, but you can use this calculator to figure out an approximate range.
The executor of an estate, or the person named in a will to handle property of the deceased, is typically compensated for their duties. This person has to make sure that all debts of the deceased are paid and that creditors have no recourse against the heirs. In addition, the executor is responsible for handling all of the affairs of the estate. This includes distributing any remaining assets to heirs, paying any taxes and filing final tax returns with the IRS. The exact amount of compensation varies from state to state and can even vary by county within a state. The executor's fee is usually calculated as a percentage of the total value of the estate.
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