Iowa Code 633.197 (2026)
Reviewed source note: 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.
What this means: Value basis is the gross assets of the estate listed in the probate inventory, excluding life insurance proceeds unless payable to the decedent's estate (633.197(2)).