I agree with your siblings.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.
Many consider it a family obligation. Some don't.Am I an outlier in thinking that I am entitled to the fee and I should take it?
Legally you are entitled to reimbursement for your work regarding closing the estate.Legally I am, of course, but does that make me a jerk or something?
Perhaps some would feel you have done $15,000 worth of work. Many would not.
Did you account for each hour of work as you accomplished it? Or are you just guessing? What hourly rate are you charging for work like "nagging"?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.
My Dad was executor of his sister's estate. I helped. He and I did all the work without expecting any compensation.I'm just wondering what most people do in this case, and I figure there must be others here who have gone through it.
When the time comes that my Dad passes, I hope the executor will not expect a windfall.