As insurance agent David continues to work with Jackson and Anna, he wants to give them the best advice. He is now discussing estate expenses with them. He informs them that there are many expenses that the estate could incur on death. Which of the following statements is incorrect?

Select one:

a$.$ There is compensation for the executor or the estate trustee often in the order of $4-5\%$ of estate assets.

b$.$ There are legal fees which are determined by the estate needs.

c$.$ There can be asset management fees, particularly if the estate consists of a large investment portfolio.

d$.$ Probate fees can be as high as $1\mathrm{.}5\%$ of the estate's assets depending on the jurisdiction.