The first weeks

Decide whether to take executor compensation

Most states let executors be paid for their time, either a percentage of the estate or a reasonable fee. The will may set an amount or ask the executor to serve without pay. Taking compensation is common given the hours involved. It counts as taxable income, and it's easier on the family when you raise it early.

What you'll need

The will, to see if it sets a fee
A simple way to log your hours

Good to know

Say it early, and in writing: Tell siblings and other heirs at the start whether you plan to take a fee, and track your hours from day one. What could have been a surprise becomes an expected line in the final accounting.

A gentle reminder

Money conversations can feel harder right after a loss, but being open about it now usually protects the relationships later.

Get help with this

Why we recommend EstateExec

EstateExec's built-in accounting keeps a clear record of the estate, which makes any executor fee easier to document.

Trusted partner

EstateExec

Step-by-step software that guides you through settling an estate, with built-in estate accounting.

See how they can help

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Someone on our team can talk through this step with you, answer questions, and help you figure out what applies.

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