executor compensation

Executor compensation refers to the fee paid to the person responsible for managing a deceased person's estate, known as the executor. Their duties include gathering assets, paying debts, and distributing property according to the will or law. Compensation can be a fixed fee, an hourly rate, or a percentage of the estate’s value, as specified by the will or state laws. This payment serves as recognition for the time and effort involved in administering the estate and may be subject to oversight or approval by the court.