Executor Compensation and Fees (OH)

If the will does not specify how executor compensation should be calculated, OH estates must follow state compensation rules (see OH calculator below).

In Ohio, executor fees are calculated primarily as a percentage of the estate's assets (other than real estate) and any income generated by the estate:

  • 4.0% on the first $100K
  • 3.0% on the next $300K
  • 2.0% on anything more

So, for example, an Ohio estate with a gross value of $50K (excluding any real property) would yield $2K in executor fees, and one worth $750K would generate $20K in executor fees.

If there is real property (i.e., land) involved, the executor may charge a fee equal to 1% of the value of the property, but if it is sold, then instead the gross proceeds are added to the scale above.

Non-probate assets (such as an IRA with a named beneficiary) are also subject to a 1% executor fee. Note that life insurance with the estate as the beneficiary is included here, but NOT if the life insurance pays out to a named beneficiary (other than the estate).

See Ohio Revised Code § 2113.35.

OH Compensation Calculator

EstateExec provides the following executor compensation estimator for OH estates, but please keep in mind that circumstances may vary, and that there may be special situations addressed by local custom or law. By using this estimator, you acknowledge that EstateExec provides any results as informational input only, not as legal advice, and cannot be held responsible for any inaccuracies for, or misunderstandings about, any given estate.

You can use this calculator now, but if you use EstateExec to help you track the settlement process, it will automatically perform the sometimes complex calculations to provide inputs for the fields below (you can create an estate for free).

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See also Compensation for general remarks on executor compensation.

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