QUESTION
How Much For Executor Fees in NJ?
Asked on Mar 04th, 2013 on Estate Litigation - New Jersey
More details to this question:
How much can I take for administrative fees in NJ for an estate worth $170,000? Only asset was home but decedant died intestate. Thank you.
1 ANSWER
2 Awards
Commissions on all corpus received by the fiduciary may be taken as follows:
5% on the first $200,000 of all corpus received by the fiduciary;
3.5% on the excess over $200,000 up to $1,000,000;
2% on the excess over $1,000,000; and
1% of all corpus for each additional fiduciary provided that no one fiduciary shall be entitled to any greater commission than that which would be allowed if there were but one fiduciary involved.
Answered on Mar 04th, 2013 at 3:32 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship