Executor Fee Estimator
Professional executors charge fees for administering estates. Fees vary dramatically – a family member is often unpaid, while banks typically charge 1-5% of estate value.
Read more
A common mistake when appointing executors is naming a bank or solicitor without understanding their fee structure. Bank executor fees are often the most expensive, and the will-maker rarely sees the fee schedule before it's too late.
Understanding potential executor fees helps you make informed decisions when writing your will. Compare different executor types below to see typical fee structures and estimated costs.
Executor Fee Estimator
Professional executors typically charge 1.5%-4% of estate value
When Executors Can Charge Fees
Professional Executors
- • Can always charge for their services
- • Must agree fees in advance (ideally in writing)
- • Subject to professional conduct rules
- • Should provide itemised billing
Lay Executors
- • Can claim fees if will permits
- • May need beneficiary consent
- • Always entitled to expenses
- • Often choose not to charge
Key principle: Executor fees come from the estate before distribution. This means beneficiaries ultimately bear the cost through reduced inheritance.
Typical Executor Fee Ranges
| Executor Type | Typical Fee | Notes |
|---|---|---|
| Lay executor (expenses only) | £100-£500 | Most common for family |
| Lay executor (with fee) | 0.5%-1% of estate | Uncommon but reasonable |
| Solicitor (percentage) | 1.5%-3% of estate | Most common method |
| Solicitor (hourly) | £200-£350/hour | Better for simple estates |
| Bank executor | 3%-5% + hourly | Often most expensive |
| Specialist probate firm | 1%-2.5% of estate | May offer fixed fees |
Risks of Appointing Professional Executors
High Costs
Professional fees can significantly reduce the inheritance. A 3% fee on a £500,000 estate is £15,000.
Difficult to Remove
Once appointed in a will, professional executors can be hard to remove, even if beneficiaries disagree with their approach.
Impersonal Service
Large firms may assign the estate to junior staff, and banks may have slow, bureaucratic processes.
Fee Disputes
Without clear fee agreements, disputes can arise. Always get written fee estimates before appointing.
Frequently Asked Questions
What's Next?
Not sure which calculators you need?
Answer 7 quick questions and we'll show you exactly which UK costs apply to your situation. Takes under 60 seconds.