The phrase represents a tool designed to estimate the compensation payable to an individual responsible for administering the estate of a deceased person in Pennsylvania. This estimator typically considers factors such as the size of the estate, the complexity of the administration process, and relevant Pennsylvania statutes and case law governing executor compensation. For instance, an estate valued at $500,000 with relatively straightforward asset distribution may result in a different fee calculation than a complex estate with significant litigation or business interests.
Such calculation instruments provide value by offering transparency and predictability in estate administration. Heirs can use them to understand potential costs, while executors can utilize them to ensure fair compensation for their efforts. Historically, determining executor fees often involved complex legal analysis and negotiation, potentially leading to disputes. These estimators can mitigate such conflicts by providing a more objective and data-driven approach to fee determination. They promote efficiency and may reduce overall estate administration expenses.
