Executor Compensation and Fees (OK)Show Table of Contents
If the will does not specify how executor compensation should be calculated, OK estates must follow state compensation rules (see OK calculator below).
In Oklahoma, if the will does not specify the executor fee (or you have renounced your claim to that fee), default executor fees are calculated as a percentage of the net value of the estate:
- 5.0% on the first $1K
- 4.0% on the next $5K
- 2.5% on anything more
So, for example, an Ohio estate worth $5K would yield $200 in executor fees, and one worth $600K would generate $15,100 in executor fees.
The court can also allow additional compensation for "extraordinary" services, at most doubling the total compensation. Common interpretations of "extraordinary" include overseeing the sale or lease of real estate, running a business, conducting litigation, preparing tax returns yourself, handling tax audits, and so on.
OK Compensation Calculator
EstateExec provides the following executor compensation estimator for OK 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 calculate net value (you can create an estate for free).
See also Compensation for general remarks on executor compensation.