From Our “Ask a Question” Mailbag: Hourly Executor Fees
Most Recently Updated August 8, 2018.
“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?”
Hourly Executor Fees
Hourly Executor 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.
More Probate Questions?
Hourly Executor Fees is only part of the overall probate process. By all means, if you wish to learn more, please read my more detailed article, The Probate Process All You Need to Know.
In Conclusion: Hourly Executor Fees
I hope that this article was helpful in explaining hourly executor fees. Further, I included links to even more detailed information on my website. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!
Let our Probate Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced Probate Attorneys. By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!
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