Wednesday, February 25, 2015

What fee does CT connecticut law allow to be paid to the executor of an estate which is $50,000 (net)? If the law does not specify, what f...

Question

What fee does CT [connecticut] law allow to be paid to the executor of an estate which is $50,000 (net)? If the law does not specify, what fee range is reasonable.



Answer

The court has discretion to determine a fee, based on a determination regarding the assets of estate, complexity of settling estate, hours spent by fiduciary, etc. It the assets are personal property and no real estate, I would say under $1,000.



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