Can I Get Paid For Being Executor or Trustee? SHOULD I Get Paid?

Being named executor or trustee might sound like an honor, but it can also become a serious job involving months of paperwork, financial decisions, family questions, and potential legal liability. So, should you get paid for doing it?

Nick explains how executor and trustee compensation works and why he generally recommends being compensated for the work you’re actually doing. And if taking the full fee doesn’t feel right, there may be a middle ground worth considering.

Here’s some of what we discuss in this episode:

⚖️ Real Responsibility: Fiduciary roles carry legal obligations

💰 Getting Paid: Executors and trustees can receive compensation

🏛️ Probate Complexity: More red tape often means more work

🛡️ Personal Liability: Fiduciaries can be responsible for mistakes

⏳ Hidden Work: Administration often takes more time than expected

🗣️ Communication: Discussing compensation before resentment develops

Go Inside the Episode:

0:00 – Intro

0:51 – Should You Get Paid?

3:43 – Executor vs. Trustee Fees

9:20 – When People Decline the Money