What is a Personal Representative’s Compensation?

Personal Representative’s Compensation (or Statutory Compensation) is compensation to the Personal Representative(s) from the estate for their time administering the estate. 

 

Calculation of this compensation varies by state but is often a percentage of the estate’s total value. 

 

This compensation is separate from any reimbursements for estate expenses paid by the representative, and can be waived. 


Check out our article How much does the executor of a will get paid? for more information.

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