executorfees
Are executors entitled to a fee and of what percent?
Asked on 7/19/02, 3:20 pm
2 Answers from Attorneys
Christopher Ballar
Christopher A. Ballar PC
Re: executorfees
In Georgia, an executor is normally entitled to a fee if he/she decides to take one, unless the will or probate judge expressly denies the executor from taking it. The statutory fee is 2.5% of receipts and 2.5% of disbursements, with a higher number for interest earned. The executor can also ask for additional compensation in extraodinary cases. Any fee taken is subject to judicial review.
Answered on 7/19/02, 4:45 pm
Lynwood Jordan
Lynwwod Jordan, Attorney at Law
Re: executorfees
Mr. Baller is correct in his previous response. If you are asking for purposes of publishing your own will, you can specify an amount or percentage of your choosing. Whatever you desire.
Answered on 7/19/02, 5:30 pm
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