What Is Executor Compensation?
Video Transcript What Is Executor Compensation? What should an executor get paid? Maybe another way to put it is how should an executor get paid? And executors get paid a couple of different ways. One way that executors get paid is they get left a certain amount in the will of the deceased. We have done wills where somebody will say I leave my executor ten thousand dollars, but I don’t want them to receive any other compensation. That’s one way to limit the amount of money an executor receives. The problem with doing it that way is that if things get really complex, if things get really crazy, the executor’s going to get that ten thousand dollars and no more money. And frankly they may quit being the executor. They don’t have to serve. And you may end up with a situation where the family has to go hire a trust company or a bank to serve as executor at a lot more money than that ten thousand dollars you thought. Another way executors get paid is by the hour. If you’re an individual exec
