GalaxyBoy
Thinks s/he gets paid by the post
I've posted several times over the last year that I'm the executor of my DF's estate. The estate is worth in the neighborhood of $300k and as one of three children I will inherit 1/3 of that. As I believe is often customary, the will provides for an executor's fee - in this case, 5%.
I'm getting a vibe from my siblings that I shouldn't be so selfish and take the fee. Not in so many words, and we all get along well, but the message is clearly there. For example, DB has asked me numerous times if I "still" plan to take the fee.
When I spoke to the county about the estate account they also asked if I planned to take the fee. Of course, they don't have a dog in that hunt; they're just asking in the context of reminding me not to forget anything in the final accounting. But that tells me it might not be uncommon for a family member to forgo the executor's fee.
Am I an outlier in thinking that I am entitled to the fee and I should take it?
Legally I am, of course, but does that make me a jerk or something? The money won't make me or break me at this point but I've spent hundreds of hours doing everything from cleaning the house, negotiating the sale of the house, organizing repairs on the house, selling the car, selling a coin collection, minding various bills, bird-dogging payment of insurance benefits, nagging the assisted living facility for the refund due, checking for lost money, filling out paperwork related to his last pension payment, etc., etc., etc. Dang, I feel like I earned that money! I had to do most of this myself simply because I was the only one living nearby, so it's not like the others didn't want to help; they just couldn't.
I'm just wondering what most people do in this case, and I figure there must be others here who have gone through it.
Thanks, all!
I'm getting a vibe from my siblings that I shouldn't be so selfish and take the fee. Not in so many words, and we all get along well, but the message is clearly there. For example, DB has asked me numerous times if I "still" plan to take the fee.
When I spoke to the county about the estate account they also asked if I planned to take the fee. Of course, they don't have a dog in that hunt; they're just asking in the context of reminding me not to forget anything in the final accounting. But that tells me it might not be uncommon for a family member to forgo the executor's fee.
Am I an outlier in thinking that I am entitled to the fee and I should take it?
Legally I am, of course, but does that make me a jerk or something? The money won't make me or break me at this point but I've spent hundreds of hours doing everything from cleaning the house, negotiating the sale of the house, organizing repairs on the house, selling the car, selling a coin collection, minding various bills, bird-dogging payment of insurance benefits, nagging the assisted living facility for the refund due, checking for lost money, filling out paperwork related to his last pension payment, etc., etc., etc. Dang, I feel like I earned that money! I had to do most of this myself simply because I was the only one living nearby, so it's not like the others didn't want to help; they just couldn't.
I'm just wondering what most people do in this case, and I figure there must be others here who have gone through it.
Thanks, all!