§ 2-7-803 — Fees of personal representative; schedule

(a) If the court determines that by reason of unusual
circumstances the fee computed hereafter is not equitable after
considering the time and effort reasonably expended and the
responsibility with which the personal representative was
charged, the court may allow such additional fee as the court
determines proper. The court shall allow the personal
representative fees for ordinary services rendered to the estate
unless the personal representative files a written waiver as to
a part or all thereof. The fees shall be computed on the basis
of the amount of the decedent's probate estate accounted for as
follows:
(i) For the first one thousand dollars ($1,000.00) of
the basis, ten percent (10%);
(ii) For all sums over one thousand dollars
($1,000.00) but not exceeding five thousand dollars ($5,000.00)
of the basis, five percent (5%);
(iii) For all sums over five thousand dollars
($5,000.00) but not exceeding twenty thousand dollars
($20,000.00) of the basis, three percent (3%);
(iv) For all sums over twenty thousand dollars
($20,000.00) of the basis, two percent (2%).
(b) In addition, further fees as are just and reasonable
may be allowed by the court to the personal representative for
extraordinary expenses or services actually incurred or rendered
by the personal representative and necessary to the proper
administration and distribution of the estate. Extraordinary
services shall include but not be limited to services rendered
by the personal representative relative to any tax matters and
services rendered by the personal representative in connection
with any litigation to which the decedent or the estate is a
party.
(c) The amount of the decedent's probate estate accounted
for shall:
(i) Include items with which the personal
representative is chargeable at their inventory value;
(ii) Deduct any loss or add any increase shown by any
reappraisement or actual sale occurring during administration;
(iii) Add all accretions to the estate which have
come into the possession of the personal representative such as
interest, dividends and profits on sales, not including money
borrowed or refunds of amounts paid by the personal
representative;
(iv) Deduct the value of property lost or destroyed
without fault of the personal representative; and
(v) Include accretions in net income, and not the
gross income, of any business operated or conducted during
administration of the estate.