The Georgia Formula
Some states set fees based on the net value of the estate. Georgia's formula is more complex. As of publication, once the state appoints the executor -- also called a personal representative -- she gets 2.5 percent of any money the estate receives, such as book royalties. If the estate has to pay debts or bills, the executor gets 2.5 percent of the money paid out. If the executor has the estate loan out money, she gets 10 percent of the interest. Finally, she gets 3 percent of the value any real or personal property -- land, stocks and bonds, etc. -- that she transfers to the heirs.
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