First, go to the Will which may state what your executor’s fee will be. If the Will is silent, North Carolina statutory law provides that you, as the executor, can receive up to 5% of the value of all personal property filed with the probate court as well as 5% of the total disbursements of the estate, which includes funeral bills, medical bills, administrative costs, credit card debt and all other miscellaneous debts of the decedent. You must get approval from the clerk of court before receiving your fee as executor. Second, your executor’s fee is separate and apart from your inheritance share that you receive as a beneficiary of the decedent’s estate. In other words, you will receive your percentage share as a beneficiary as well as your executor’s fee.
Conrad, Trosch & Kemmy can assist you will all of your probate and estate planning needs. Please call the office to set up a meeting with one of our attorneys.