Iowa Code 633.197 – Compensation — schedule of fees
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Terms Used In Iowa Code 633.197
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Probate: Proving a will
633.197 Compensation — schedule of fees.
1. Personal representatives shall be allowed such reasonable fees as may be determined by the court for services rendered, but not in excess of the following commissions upon the gross assets of the estate listed in the probate inventory, which shall be received as full compensation for all ordinary services:
a. For the first one thousand dollars, six percent.
b. For the overplus between one and five thousand dollars, four percent.
c. For all sums over five thousand dollars, two percent.
2. For purposes of this section, the gross assets of the estate shall not include life insurance proceeds, unless payable to the decedent‘s estate.
[C51, §1429; R60, §2454; C73, §2494; C97, §3415; C24, 27, 31, 35, 39, §12063; C46, 50, 54,
58, 62, §638.23; C66, 71, 73, 75, 77, 79, 81, §633.197]
94 Acts, ch 1153, §8; 2005 Acts, ch 38, §11; 2013 Acts, ch 30, §190
See also §633.86 and 633.162
1. Personal representatives shall be allowed such reasonable fees as may be determined by the court for services rendered, but not in excess of the following commissions upon the gross assets of the estate listed in the probate inventory, which shall be received as full compensation for all ordinary services:
a. For the first one thousand dollars, six percent.
b. For the overplus between one and five thousand dollars, four percent.
c. For all sums over five thousand dollars, two percent.
2. For purposes of this section, the gross assets of the estate shall not include life insurance proceeds, unless payable to the decedent‘s estate.
[C51, §1429; R60, §2454; C73, §2494; C97, §3415; C24, 27, 31, 35, 39, §12063; C46, 50, 54,
58, 62, §638.23; C66, 71, 73, 75, 77, 79, 81, §633.197]
94 Acts, ch 1153, §8; 2005 Acts, ch 38, §11; 2013 Acts, ch 30, §190
See also §633.86 and 633.162