Executor Fees – Can I Get Paid For My Role As Executor Of A Will?

Have you been named as an executor in a Will, and are curious as to whether you are entitled to any form of compensation to act in that role? If so, the answer is yes, you are!

In your role of executor, you are responsible for the distribution and administration of the estate of the deceased. Executor duties entail taking care of any debts owed by the deceased and distributing the deceased's assets in accordance with the terms of their Will. Given this important undertaking, many executors wonder whether they are entitled to compensation for this role.

When determining the compensation you are entitled to as executor, the first place to look is the Will of the deceased. Oftentimes, the testator will identify a specific percentage or dollar amount that he or she wishes the executor to receive as a fee for their role, and this stipulation is legally binding.