What can an executor charge for their fee?

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What can an executor charge for their fee?

My younger sister has been the executor of our father’s estate for 3 1/2 years. His total estate with property and furnishings was approximately: $400,000. What percentage of this estate amount can my sister legally charge the estate for her executor fee? We have one sister who has fought this estate process during this entire time and thinks that my sister’s request to receive $7000 for her duties is excessive. The executor sister did live rent free in my dad’s home for a period of time, but I believe that is not an issue in determining an executor’s fees.

Asked on November 15, 2010 under Estate Planning, Minnesota

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

The fees paid to each executor or administrator and attorney varies depending upon the size of the estate.
  1. The minimum fees is 4% of the for the first $100,000 value of the property and,
  2. 3% of the next $100,000,
  3. 2% of the next 800,000,
  4. 1% of the next 9,000,000,
  5. 1/2 of 1% of the next 15,000,000.
However, the court determines the amount of the fees for the excess over $25,000,000 of value.

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