For example, in New York, if an executor’s fee is a percentage of the estate, reasonable compensation is 5% on a $100,000 estate, 4% on $100,000 to $300,000 and so on. These tiers will vary by ...

Being named an executor of an estate likely means that you’ve lost someone close to you. Dealing with death is never easy and overseeing the estate can be complicated, but staying organized can ...

As executor, you are responsible for taking inventory of all the estate’s assets. This includes large assets such as houses and automobiles, as well as household items, bank accounts and lock boxes.

An executor is an individual appointed to administrate the estate of a deceased person and carry out the instructions and wishes of the deceased.

Q. I am one of three executors of an estate that’s approximately $3.24 million. We are trying to determine the commissions to take for 2022. The first commission is the income commission of 6% ...

An executor of an estate must follow the instructions in the will to administer the estate. Here are some of the many responsibilities of an executor: — Locate important documents.

The post Executor vs. Beneficiary Rights: Estate Planning Guide appeared first on SmartAsset Blog. The views and opinions expressed herein are the views and opinions of the author and do not ...

An executor of an estate fulfills that role. Also called personal representatives, executors are typically chosen by the deceased person or appointed by the court.