What is the amount of payment received by an executor in Rhode Island?
In Rhode Island, the amount of payment received by an executor is determined by state law and varies depending on the size of the estate. Executors are entitled to a reasonable compensation for their services, typically a percentage of the estate’s total value. The specific percentage may be subject to court approval or can be outlined in the will itself. Executors should consult with an attorney or refer to the state’s probate laws for accurate information on payment guidelines.
