Is an executor’s fee an annual fee or a one-time fee?
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Is an executor’s fee an annual fee or a one-time fee?
Asked on September 15, 2012 under Estate Planning, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
I am so sorry for your loss. Executor's fees in California are set by statute. They are a one time fee based upon a percentage of the estate. California Probate Code section 10800 sets the statutory fees for an executor. The fees are four percent of the first $100,000 of the estate, three percent of the next $100,000, two percent of the next $800,000, one percent of the next $9,000,000, and one-half percent of the next $15,000,000. For estates larger than $25,000,000, the court will determine the fee for the amount that is greater than $25,000,000. Good luck.
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