Is the Executors Fee in Virginia based on the beginning value of the estate or after expenses are deducted

Question

Is the Executors Fee in Virginia based on the beginning value of the estate or after expenses are deducted

Answer

Whatever the will provides for (assuming the testator was competent) and if no

reference in the will to this issue, then no more than about 5% of the value of any income receipts received during each accounting period and/or the value of any inventories representing decedent's probate assets, pursuant to the requirements of Va. Code Sec. 64.2-1208.