Does an executor get paid?

Q: Does an executor get paid?

Yes, but the amount is limited by law, usually to no more than five percent of the total value of the estate, or a bit higher. However, close friends or family members appointed as executors will often waive the compensation. The pressure to do this is another reason for not choosing one of your children as executor, since he or she may be seen by your other children as benefiting unfairly.