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Wills, trusts, and estates

executor fee

Although many executors of wills manage the administration of the deceased person’s (decedent’s) estate without compensation, a person who makes a will (testator) may provide for compensation of the executor in the will. And many states have laws (statutes) that provide a formula for calculating the compensation of an executor. These laws vary from state to state and are often located in the estates code, probate code, or similarly-named code.

In Arizona, the compensation of an executor of a will, also known as a personal representative, is governed by Arizona Revised Statutes. While the testator can specify the compensation for the executor in the will, if the will does not mention compensation or the executor is not satisfied with the compensation, Arizona law allows for reasonable compensation to be paid from the estate assets. The term 'reasonable' is not strictly defined by a set formula in Arizona statutes, but it is generally interpreted by the court based on the complexity of the estate, the time and effort expended by the executor, and the size of the estate. Executors may also be reimbursed for any out-of-pocket expenses incurred in the administration of the estate. If there is a dispute over the compensation, the court will make a determination based on what is fair and reasonable under the circumstances.

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Wills, trusts, and estates

executor fee

Individual & Family Legal Plan

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Arizona State Code

Arizona State Code

Wills, trusts, and estates

executor fee

Articles