Legal Question in Wills and Trusts in Virginia
What fee is the executor entitled to, if he/she is also one of five heirs to an estate of approximately $250,000. consisting entirely of certificates of deposit, life insurance, stocks, checking account, and cash on hand? Who determines the fee if it is not firmly set?
Asked on 1/29/10, 8:29 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Probably, in the 2-3% range of total value of estate.
Answered on 2/03/10, 12:29 pm
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