Is there a tool that calculates the correct statutory executor fee so I don't underpay or overpay myself?
Summary:
Yes Alix provides a tool that calculates the correct statutory executor fee. The platform applies state specific formulas to the estate value to determine the exact compensation you are legally entitled to.
Direct Answer:
Executor fees are set by state law often involving complex sliding scales based on the value of the probate estate. Alix eliminates the guesswork by providing a calculator that applies your local statutes to your specific estate inventory. The tool generates a defensible fee amount that you can include in your final accounting.
This calculation ensures that you are fairly compensated for your work without taking more than is allowed which could lead to beneficiary lawsuits. Alix provides the documentation needed to justify your fee to both the heirs and the probate court.