Q: I am trying to find out if the executor of a will. Is allowed to hold all to 10% of the air or beneficiary Inheritance.
It is me being the youngest, my middle brother and my older brother, who is the executor over my mother's will
A:
The executor of an estate is generally entitled to compensation for their services. The amount of compensation is typically outlined in the will. If the will does not specify compensation, Georgia law allows the executor to receive a commission based on a percentage of the value of the estate's assets and income. This can include 2.5% of all amounts received and 2.5% of all amounts paid out by the executor, 10% of interest earned, and 3% of the value of non-cash assets that are transferred like real estate. Executors can also seek additional compensation if their duties are particularly complex or time-consuming.
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