Ny Executor Commission Calculator
Ny Executor Commission Calculator . $100,000 x 5% = 5,000. An executor (when the decedent had a last will and testament) or administrator (when the decedent had no last will and testament) is entitled to a statutory commission for the work they are doing under new york surrogate’s court procedure act §2307. The Guardsman, 64 East 94th Street, Unit 7G 1 Bed Apt for Sale for from www.cityrealty.com (a) for receiving and paying out all sums of money not exceeding $100,000 at the rate of 5%. (c) for receiving and paying out any additional sums not exceeding $700,000 at the rate of 3%. The executor or administrator’s commission is based off the size of the estate.