What is the typical cost for maintaining the service of a financial executor named in a Will?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

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 10 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 10 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.)


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption