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Probate Real Estate Blogs
26 May,2025
I am The Executor of an Estate and Entitled to a Fee should I take my Fee?
YES! YES! YES!
Being an executor is a big job. You probably had to deal with a lot—like handling someone’s belongings, organizing paperwork, talking to lawyers, and maybe even solving family disagreements. It takes a ton of time and effort, and you deserve to be paid for your hard work!
How Much Should You Get?
- Sometimes, the will says how much the executor should be paid.
- If not, each state has rules for how to calculate the fee.
Some use the Johnson Schedule as a Guideline
•5% on the first $300,000
•4% on the next $300,000
•3% on the next $2.4 million and so with decreasing percentages for larger portions of the estate
Things to Think About:
1. Talk to Your Accountant** – The money you get as an executor might be taxed differently than money you inherit. Your accountant can help you decide what’s best.
2. You’re in Charge** – Even if other family members have opinions, it’s your decision. You did the work, so you deserve the pay.
3. No Guilt Needed** – If you feel bad taking the fee, remember: it’s not wrong to be paid for your time. You could even donate some to charity if you want!
But What If…?
- My brother says I shouldn’t take it."** → Too bad—it’s your choice!
- My sister helped me."** → Maybe use the fee to treat yourselves to something nice!
- I don’t feel right taking it."** → That’s okay, but talk to your accountant first.
Bottom line? Take the fee. You earned it! And after all that work, you might even deserve a vacation—maybe somewhere sunny with a cold drink in hand! 😎
(P.S. If you’re still unsure, just ask a professional for advice!)
Contact Info
(215) 452-9415
150 Monument Road Suite 207
Bala Cynwyd, PA 19004
