What Is SCPA 2307 and How Are Executor Commissions Set in New York?
Understanding How New York Pays the Person Who Settles an Estate Key Takeaways: SCPA 2307 sets default executor commissions when a will doesn’t specify compensation, governing executors and administrators rather than trustees (covered under SCPA 2308 and 2309). Commissions follow a tiered schedule: 5% on the first $100,000, 4% on the next $200,000, 3% on […]