If an Executor or Administrator will receive payment for helping to settle the Estate, they are now finally paid for their work

Similar to all other payments and distributions, they too are paid from the Estate Account.

Typically, the amount paid is identified in the Last Will & Testament and calculated as a percentage of the Estate, as a flat fee, or as an hourly rate.

If it is not listed, or no Will exists, then state law will identify reasonable compensation.

Note: if an Executor is also inheriting portions of the Estate as a Beneficiary, then it may not make sense to take the payment as an Executor's fee because it will be taxed as income, whereas Inheritance will not.

Typically, in these cases, payment is provided in the form of distribution, but consult an Probate attorney or accountant for more information.

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