Legal Question in Wills and Trusts in New York
what are the executor fees by law in new york state?
Asked on 2/09/10, 3:40 pm
2 Answers from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
Go to the NYC Bar's website at: www.abcny.org/publications/executor.htm and you will get a good answer: 5% on 1st $100,000 + 4% on next $200,000 + 3% on next $700,000 (this is an average of 3.4% on the first $1 million) + 2.5% next $4 million. This is for the time consuming work for an executor.
Answered on 2/14/10, 3:49 pm
Walter LeVine
Walter D. LeVine, Esq.
i AGREE. Go to the NYC Bar's website at: www.abcny.org/publications/executor.htm and you will get a good answer: 5% on 1st $100,000 + 4% on next $200,000 + 3% on next $700,000 (this is an average of 3.4% on the first $1 million) + 2.5% next $4 million. This is for the time consuming work for an executor
Answered on 2/15/10, 2:58 pm
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