Klenk Law

Hourly Executor Fees

Posted on Tue Jan 26, 2016, on Probate and Estate Administration

Last Updated Sept. 15, 2017: Hourly Executor Fees; hourly vs. percentage.

From Our “Ask a Question” mailbag: Hourly Executor Fees; hourly vs. percentage.

My children would just endlessly fight each other, so I want to name a lawyer as my executor. I see most lawyers charge a percentage of the estate to serve as executor.  But your website says you charge by the hour. Which is better?

Executors’ Fees.

For a thorough examination of what an executor can charge for services, take a look at our article “PA Executor Fees: Everything You Need to Know” or “A Guide to New Jersey Executor or Personal Representative of Estate Fees.” These articles tell what the statute allows.

Why I Charge Hourly Executor Fees.

Over the years I have found that when serving as executor, charging a percentage of the estate is seldom a fair fee. The number is often far more than the time I spend.  I feel more comfortable charging my hourly rate for actual work done. By billing hourly, I get paid for the time I spend.  I would rather be busy than seek out an extra fee.  I prefer a win-win situation with my clients rather than trying to maximize fees in every case.

Hourly or percentage, either is legal and proper. I just feel that the better way to do business is to charge by the hour.

In conclusion, in this Post, I tried to answer the question, “Why Do I charge hourly for serving as executor.”  So, let me know how I did.  Comments and questions are welcome!

If you have further questions about Executor Fees or any other questions about the Probate Process, feel free to contact our office for a free consultation with one of our Probate Lawyers.

Wills, Trusts, Probate, and Estate Litigation It’s All We Do!

Author, Peter Klenk, Esq.

Tags:

Administrator, Amy Besser, Executor, Probate, Probate Attorney, Probate Lawyer

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