Select your state

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 Louisiana, the compensation of an executor of a will, also known as a succession representative, is governed by state law. Louisiana does not have a statutory fee schedule for executor compensation like some other states. Instead, the compensation is usually determined by the terms of the will itself. The testator can specify in the will how much the executor should be paid. If the will does not mention compensation, the executor may receive a reasonable fee for their services, which is determined by the court based on the complexity of the estate, the time spent by the executor, and the executor's skill and effort. Additionally, Louisiana law allows for the executor to be reimbursed for any necessary expenses incurred in the administration of the estate. It is important for executors in Louisiana to maintain detailed records of their time and expenses, as the court may require this information to determine a reasonable fee.

Legal Articles

State Statutes

As a LegalFix Member You Will Be an Important Client of Local Law Firms

For about 82¢ a day you can have a LegalFix Legal Plan that includes initial consultations with an attorney at no additional charge—and additional legal services at reduced rates—all from top law firms in your state. Don't wait—be prepared for life's inevitable legal challenges, starting today.

And ask your employer, credit union, or membership group to offer LegalFix for even better pricing.

Wills, trusts, and estates

executor fee

As a LegalFix Member You Will Be an Important Client of Local Law Firms

Articles

Louisiana State Code

Louisiana State Code

Wills, trusts, and estates

executor fee

Articles