Provide the total value of all estate assets at the time of death (e.g., real estate, investments, vehicles). Under the standard guidelines, executors cannot receive more than 5% of the gross fair market value of the total estate.

Please note that this number does not influence the final calculation of fees. However, the gross market value of the estate is important for putting a cap on the potential costs due to the executor.

Exclude nonprobate assets such as life insurance, joint accounts with right of survivorship, and payable-on-death accounts.

Include incoming estate funds such as rent collected, cash proceeds from the sale of an estate vehicle, sale of real estate, and distributions based on the estate’s ownership of a business.

Exclude exempt assets like checking accounts, savings accounts, certificates of deposit, money market accounts, life insurance payouts, joint accounts with right of survivorship, and payable-on-death accounts.

Include all disbursements made by the executor to pay valid estate debts, creditor claims, taxes, insurance, repairs to estate properties, legal fees, and other estate expenses.

Exclude direct distributions of inheritance to heirs or beneficiaries.

Can range from $500 to $5,000 or more depending on the estate. (This box has a suggested value of $500 but can be edited.)

For any items such as real estate or property that need to be appraised for fair market value.

Can range from $500 to $5,000 or more.