MARY_LAUER
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I WOULD LIKE TO KNOW WHO SETS THE PRICE FOR THE EXECUTOR OF THE WILL? CAN THE ESTATE'S ATTORNEY IN PA CHANGE THE PRICE?
Wills And Estate's
- Thread Starter MARY_LAUER
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The amount can be stated in the will and, if silent, is set forth in state statutes.
New York: If your will is silent on the amoutn, the executor's fee is 5 percent of the first $100,000 in the probate estate; 4 percent of the next $200,000; 3 percent of the next $700,000; 2.5 percent of the next $4 million; and 2 percent of all greater than $5 million. The fee is paid by the estate and deductible from estate taxes.
New York: If your will is silent on the amoutn, the executor's fee is 5 percent of the first $100,000 in the probate estate; 4 percent of the next $200,000; 3 percent of the next $700,000; 2.5 percent of the next $4 million; and 2 percent of all greater than $5 million. The fee is paid by the estate and deductible from estate taxes.
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