Re: Did you or a relative charge for being executor?

Posted by JRSutton on December 20, 2012 at 03:47:51 from (75.130.109.233):

In Reply to: Did you or a relative charge for being executor? posted by Executor of an estate on December 19, 2012 at 20:48:10:

Really depends on the circumstances.

If it's a simple estate and not a lot of work, it's hardly worth the argument.

If it's complex enough to consider charging for the work, that should be obvious enough to all involved, and they should't make too much of a stink.

It CAN be a significant amount of work, and there's nothing wrong with asking for some compensation.

But personally, I think it's most appropriate to ask for a token amount - more in line with a "gift" for your services, and a modest one at that.

Tracking hours and billing an hourly rate is only going to lead to trouble - arguments over how much time you REALLY spent - whether or not you HAD to spend that time - COULD it have been done cheaper by somebody else "oh you're really going to charge us for time on the phone?" - etc etc etc.

When it comes to family - ESPECIALLY under the stress of losing a loved one - best to keep things very simple, and very up front.

Discuss with the family the work involved, let them come to the conclusion that it might be best to let you do all the legwork and give you $X for the responsibility.

If they want it done for less than seems fair to you - let them do it for that amount.

Always better to get it out right up front before any work is performed.

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