Legal Question in Wills and Trusts in New Jersey
In New Jersey, by law, does the co-executor of a will receive a percentage of the estate and how would that be obtained?
Asked on 6/28/17, 9:49 am
1 Answer from Attorneys
Jonathan Chester
The Law Office of Jonathan S. Chester, Esq., LLC
Yes, both executors are entitled to a commission. The calculation is based upon a percentage of the assets comprising the "probate" estate [i.e. assets that pass under the Will]. There is an extra payment for each additional co-executor. There is also a commission payable on any income earned by the estate.
Answered on 6/28/17, 10:25 am
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