Can an Executor be paid for their work?
Transcript:
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Generally, an executive can be paid for their work. However, I do recommend checking your local court’s requirements, the local court’s rules of the county where the deedent resided at the the time of their death just to see if they have any particular procedures or rules when it comes to calculating that executive’s fee. Generally, courts will um say that executives are entitled to reasonable compensation. And reasonable compensation is generally defined as including consideration of
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the personal representatives time involved in the estate administration, how many hours it took them to complete it, whether there were third parties involved such as professionals that were assisting them along the way, the overall value of the estate. Some local courts, in particular in Shelby County, they have a graduated fee schedule scale where you can calculate the fee based on that scale.
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