Full service estate planning and tax attorneys for the North Carolina Sandhills.

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Do I get paid for serving as an Executor?

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Executors (also referred to as ‚ÄúPersonal Representatives‚ÄĚ) are reimbursed for all legitimate out-of-pocket expenses incurred in the process of management and distribution of the deceased estate. In addition, you may be entitled to statutory fees, which vary from location to location and on the size of the probate estate. The Executor has to fulfill his or her fiduciary duties on behalf of the estate with the highest degree of integrity and can be held liable for mismanagement of estate assets in his or her care. It is advised that the Executor retain an attorney and an accountant to advise and assist him with his or her duties.

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