Does the executor of a will (state of WI) get paid??? If so, what are the reasonable & customary fee's???
I am not admitted in Wisconsin. I understand that in Wisconsin the personal representative is allowed all necessary expenses in the care, management, and settlement of the estate. The personal representative shall be allowed a fee for his or her services. The amount of the fee is determined by the probate court, based on a statutory formula. If the decedent and the personal representative, or the persons who receive the majority interest in the estate and the personal representative, agree to a different amount, it must be in writing. If the estate requires extraordinary services or is unusually difficult, the court may allow a greater fee. If a personal representative is derelict in his duty, his or her compensation for services may be reduced or denied.
The size /amount of the estate is a factor. Ask an attorney in your area - or the attorney doing the probate - what the fee will be. The executor can also waive his fee.