In the absence of any specific language stating that the Executor shall be paid $XXX dollars, in NY they revert to their default compensation:
The commission rate in New York for each Executor is 5% on the first $100,000 in the estate, 4% on the next $200,000, 3% on the next $700,000, 2-1/2 % on the next $4,000,000 and 2% on any amount above $5,000,000. Banks and Trust Companies may charge more for their services as Executors and Trustees, and particularly as money managers.
Any additional people the Executor has to employ, such as CPA's or investment advisors, are also legally allowed to be compensated by the Executor of the estate.
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