E314 Nonprofessional Executors Don’t Get Paid

<p>Could you imagine doing a ton of work and not getting paid? It’s frustrating, but it happens. One of the drawbacks of nonprofessional executors is they are more likely to lose their executor fee, despite doing months, even years, of work for the estate.</p> <p>In this podcast, we are going to discuss a few real-world instances where this happened. We want to help you see that this can happen and that you don’t want to take on the executor role expecting a nice piece of change for your hard work. It sounds like a decent payday, but as we’ve discussed before, <a href= "https://anthonyspark.com/e184-why-is-being-an-executor-difficult-the-statistics/"> the ratio of hours worked</a> to amount paid is not equal, and you may not even get a penny.</p> <h2>Family changed their minds, denied his executor fee</h2> <p><img class="aligncenter size-medium wp-image-43709" src= "https://anthonyspark.com/wp-content/uploads/2023/04/Family-changed-their-minds-denied-his-executor-fee-300x169.jpg" alt="Family changed their minds, denied his executor fee" width= "300" height="169" /></p> <p>In this case, “Joey’s” aunt passed away and the aunt was survived by siblings. Joey was not even an heir and didn’t even live in New York, but he was younger and financially savvy. He was in a position to defer his job offer to focus on being an executor. Of course, his family “graciously” agreed to have him serve as executor.</p> <p>So, Joey <a href= "https://anthonyspark.com/e189-can-an-executor-be-out-of-state/">moved from California to New York</a> and deferred a legitimate job offer. He put in three years of hard work administering the complex estate. In the end, his uncles objected to Joey getting paid. Literally at the very end, right as disbursement checks were being written out. Yes, he did have the right to fight for this executor commission, but it would put the family at odds with each other. So, for the <a href= "https://anthonyspark.com/e131-how-to-avoid-family-drama-when-someone-dies/"> sake of preserving family harmony</a>, Joey