Legal Question in Wills and Trusts in New York

Re: New York State Executor's Fees for Last Will and Testament

They are set forth in the Decedent Estate's Law.

The commission rate in New York for each Executor is 5% on the first $100,000 in the estate, 4% on the next $200,000, 3% on the next $700,000, 2-1/2 % on the next $4,000,000 and 2% on any amount above $5,000,000.

If there are two executors, each is entitled to the full commission.

This is why I recommend revocable living trusts to my clients.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts could affect the answer given.