Does the executor of an estate deserve to be compensated for that service? Absolutely. Serving as an executor is often a time-consuming, emotionally draining, and thankless task. It means taking on a part-time job. Often, executors have day jobs so the duties of being an executor happen during lunch hours, after work, and on weekends. Yet the issue of payment for an executor, especially one who is a family member, is a common source of conflict among heirs. Over 40% of wills experience family conflict, with 19% of beneficiaries perceiving misconduct by the executor.
Read more about family obligations here.
Check out Part 1 on The Financial Therapy podcast