The duties of an executor of a Miami estate may be time consuming and require special
expertise. The executor may have to perform extraordinary services and duties. Florida Statutes
allow the executor to receive a base executor compensation/commission fee and additional fees
for extraordinary services such as running the decedent’s business, being involved in the sale
or purchase of real property, homestead and will contest issues or other issues involving
litigation and adversary matters. The basic executor’s compensation rate is as follows:
• 3% for the first $1 million
• 2.5% for $2 million – $5 million
• 2 for $5 million to $10 million
• 1.5% for the remainder of the estate over $10 million
• For estates valued at over $100,000, two personal representatives may each receive full
compensation or commission.
• $1,500 for estates having a value of $40,000 or less
• Additional $750 for estates having a value of more than $40,000, but not exceeding
• Additional $750 for estates having a value of more than $70,000 and not exceeding
• Estates having a value in excess of $100,000, the rate of 3 percent on the next
• The rate of 2.5 percent for all above $1 million and not exceeding $3 million.
• The rate of 2 percent for all above $3 million and not exceeding $5 million.
• The rate of 1.5 percent for all above $5 million and not exceeding $10 million.
• The rate of 1 percent for all above $10 million.
Fees for executor compensation/commission or legal fees may be increased or decreased by
petitioning the court to approve the changes.
Under Florida statutes, an executor can also be an attorney or the executor can hire an
attorney to represent the executor and/or the estate. The attorney is entitled to statutory
attorney fees for legal services rendered and may receive additional fees for extraordinary
legal services such as handling will contests and other estate litigation and adversary matters
as well as estate tax audits . The attorney must be a member of the Florida State Bar in order
to receive compensation for legal services. The following are suggested statutory fees for the
ordinary handling of an estate such as accountings and other routine court appearances and
management of estate matters:
If you are a personal representative of a Miami estate and have questions regarding executor
compensation or other estate management or tax questions, it is recommended that you hire a
Miami probate and estate attorney for legal advice and representation.
If you wish to speak to a Miami estate attorney, call the Law Offices of Albert Gurevich at (786) 522-1411.