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Tidybuoy Tidybuoy is online now
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Join Date: Jun 2003
Location: Fresno, CA
Posts: 7,863
Question: Should an executor of an estate be compensated? And, how much?

I'm setting up a trust/will and I'm wondering if it is standard procedure to leave an amount to my executor. And, what is a reasonable amount? I was thinking 5% of my estate but I want to be fair and within reason.

I was co-executor of an estate several years ago and nothing was spelled out very well (including the normal will). This made it very difficult as family members showed up out of nowhere and me (non-family) had to make decisions that were difficult. I'm hoping to avoid this type of situation with my own estate.

I don't have kids so my estate if being left to my siblings and will be very easy but I do want to be fair to my executor. My trust is all done but now is the time to make any changes before it is finalized by the lawyer.

Thanks in advance for all advice.
Old 09-01-2017, 08:32 AM
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