How is an executor compensated?

In West Virginia, the executor of an estate is typically compensated for their efforts. This is usually in the form of a percentage of the estate, although the percentage can be modified if the individual making the will specifies another rate. The exact percentage is typically determined by the size of the estate and the difficulty of the executor’s job. Generally, the executor can expect to receive between five and ten percent of the estate’s value. In addition to the percentage of the estate, the executor may be able to collect other fees. These fees include the cost of executing the will, as well as fees associated with filing any relevant paperwork. If the executor hires an attorney, the estate may also cover the cost of the attorney’s services. Additionally, the executor may be given reimbursement for any expenses they incurred while managing the estate. At the end of the probate process, the executor must provide an accounting of their actions and an itemized list of all costs. This allows the court to review the executor’s work and ensure that they are compensated appropriately. If the court finds that the executor has done a good job in administering the estate, they are usually rewarded with the full designated compensation.

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