My mother's estate was worth between $600,000 and $700,000. As the executor, how do I calculate my commission?
1 Answer from Attorneys
Re: executor commission
5% of the first $100,000 ($5,000); plus
4% on the next $200,000 ($8,000); plus
3% on the balance up to $1,000,000.
Remember, executor's commissions are taxable income, but inheritance is not, so you may wish to waive your commission, depending on your circumstances.
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