1 Answer
This is all I could find:
Florida statutes refer to the fee received by the personal representative as a "commission". Fees that are determined by law to be reasonable for the personal representative are 3 percent for the first $1 million of estate value, 2.5 percent for $2 million to $5 million, 2 percent for $5 million to $10 million, and 1.5 percent for the remainder of the estate value that is over $10 million.
Read more: Does an Executor of an Estate Get a Percentage in Florida? | eHow.com http://www.ehow.com/info_8187406_executor-estate-percentage-florida.html#ixzz2KwhE8SX7
I would check with the lawyer who drew up the will. When I was an executor, I received $15.00 per hour because that's what the lawyer told me was considered reasonable pay by the probate court.
| 13 years ago. Rating: 1 | |
birdwire
Colleen