Should I pay my Executor?

This decision is up to you but settling an estate can be quite a bit of work. For this reason, most people choose to compensate their Executor. However, you should keep in mind that many Executors choose to hire a law firm to help them administer the estate. In this situation, a significant portion of the work will be offloaded onto the law firm. Also, if you have a family member serving as Executor, any compensation they receive for serving as Executor will be reported as taxable income, whereas amounts they receive as a beneficiary are not taxable income.

About the Authors

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John A. Cocklereece, Jr.

John Cocklereece concentrates his practice on property tax appeals, business law, tax controversies, and estate planning and administration.
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Attorney Travis Woolen

Travis Woolen

Travis joined Bell, Davis & Pitt as a trusts and estates attorney shortly after graduating from the University of North Carolina School of Law. Prior to joining Bell, Davis & Pitt, he worked as a loan officer at a financial institution in Raleigh for several years.
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