How much does an executor of an estate get paid in Nevada?
According to NRS 150.020(1), the Nevada executor fee is calculated by the size of the estate and goes as follows:
- 4% of the first $15,000.00
- 3% of the next $85,000.00
- 2% for all amounts above that.
For Example;
Jane Doe is the executor of an estate worth $600,000. Here is how we calculate her executors compensation;
4% of the first $15,000 = $600
3% of the next $85,000 = $2,550
2% of the residual estate $500,000 = $10,000
Jane's total compensation is $13,150 for completing her executors duties.
Example 2;
John Doakes has been named the executor of an estate worth $500,000. Here is how we calculate his compensation;
4% of the first $15,000 = $600
3% of the next $85,000 = $2,550
2% of the residual estate $400,000 = $8,000
If John completes his fiduciary executor duties, his compensation will be $11,150