Should family member take a large executors fee ?

  1. nancynurse profile image78
    nancynurseposted 6 years ago

    Should family member take a large executors fee ?

    Do you think a family member should take a very large executors fee say in the $100,000 range from other family member when not stated in the will?

  2. ubanichijioke profile image74
    ubanichijiokeposted 6 years ago

    For me, i'd say no cos it would amount to double standards. That's my opinion though

  3. breathe2travel profile image80
    breathe2travelposted 6 years ago

    There are a couple valid aspects to consider before answering this question.
    First, how many hours are necessitated to administrate the will?  (How lengthy is the will, how many prerequisites must be fulfilled/monitored by the beneficiaries, how many beneficiaries are there? Does the executor have up-to-date contact information of the heirs/heiresses, or will investigation be required? Etc.)
    Secondly, how large is the estate? How much of a percentage is the fee in comparison to the sum total value of the willed estate?

    I think in some circumstances, an executor's fee is more than reasonable.  There are attorneys paid in the millions to "execute" a last will and testament.