Q: I understand that an executor can take a commission on income made on any asset from date of death to its Sale. True?
Stocks were sold recently and had a gain of over $100,000, for example.
A: Yes. An executor is entitled to commission on the income from an asset of the estate. See New Jersey Statute 3B:18-13 which reads in part: Commissions in the amount of 6% may be taken without court allowance on all income received by the fiduciary.
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