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How much is an executor paid in Ohio?

Executor fees in Ohio are set by statute.: 4% of the first $100,000 of probate assets; 3% of the next $300,000; and 2% of the assets above $400,000. In addition, there may be a fee of 1% on non-probate assets (except assets in survivorship, for which there can be no fee).

Can executors charge for their time?

As indicated above, only executors who act in the course of a profession or business which includes providing services in connection with the management or administration of trusts can charge (with the consent of their co-executors).

Does an administrator of an estate get paid in Ohio?

The executor or administrator is paid a fee set by Ohio law based on a percentage of the value of the estate assets administered.

How do you become an executor of an estate without a will in Ohio?

The Administrator must be a resident of Ohio. If you have a surviving spouse, children, or grandchildren who are willing to serve, the probate court can appoint them as Administrator. If there is no relative willing or able to serve, the probate court can appoint some suitable person who is a resident of the state.

How do you become an executor of an estate without a will in Ohio?

The Administrator must be a resident of Ohio. If you have a surviving spouse, children, or grandchildren who are willing to serve, the probate court can appoint them as Administrator. If there is no relative willing or able to serve, the probate court can appoint some suitable person who is a resident of the state.

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