Quote:
Originally Posted by firebug
To be an executor, the big trust companies typically charge between 4 and 5% of the 1st $2-million dollars of Estate assets and then scale down above that ($25k minimum fee). There are some smaller independent firms that are less expensive... but still not a cheap option.
I do agree that for many Estates it's the wiser choice.
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Having done it a few times, dealt with it many, many, many times?
Being a Professional Executor? You couldn't get me to do that job at gunpoint. I'd tell you to pull the trigger.
I had a client who did that for a living and she was the most jaded person I've ever met.
After all the madness I've seen here at my office, we have a little motto:
"Inheritances make people crazy."
You see families go to war against each other...it can get ugly.
Man the stories...