Quote:
Originally Posted by bizaro86
That's very interesting.
I'm the executor of my (still living) parents' wills. There is a fee specified in the will. Am I allowed to waive that?
It seems like a situation where say $30,000 fee might be better divided 3 ways as residual with an understanding that the other two gift me $7500 each later or something like that.
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You cannot be forced to take the fee if you don't want it.
You also cannot compel the beneficiaries to gift you anything either. You'd be wise to contact your tax advisor to discuss if planning with the beneficiaries to give you a gift rather than taking compensation for your efforts would result in making the gifts taxable.