Reasonable compensation for executor of a will

Questioner

What is a reasonable fee if a family member takes on the role of executor of a will? The inheritance amounts to approximately 350,000 euros.

Questioner

Dear questioner, The law grants an executor a fee of 1% of the estate on the date of the testator's death. However, this may be deviated from in a will. Furthermore, an executor may always charge costs that he or she reasonably had to incur for the settlement of the estate. yours sincerely,

Questioner

The legal executor's fee stipulates that the executor receives 1% of the estate's value. This isn't always a reasonable fee, as the value of an estate doesn't necessarily reflect the amount of work the executor must perform. If no executor is appointed in the will and a family member acts as an agent on behalf of the other heirs to settle matters, they are not automatically entitled to the same compensation as an executor. It is then a matter of negotiation between the heirs as to whether a fee will be paid and how much.