You have made an appointment with a lawyer to begin estate planning. Your current balance sheet shows

Question:

You have made an appointment with a lawyer to begin estate planning. Your current balance sheet shows a net worth of $2.7 million. If executor fees range from 2 to 4% of the value of the assets, what should you plan on paying?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...