Is an executor of a will in Maryland entitled to any compensation?

Question

A close friend is the executor of his sisters will. The deceased lived in Maryland. My friend is not listed in his sisters will as being a beneficiary of any of her estate just as the executor.

Will he be entitled to any compensation for administering the will?

Thank you.

Answer 1

Yes he will be

Answer 2

Yes.  See Maryland Code sec. 7-601.

Fee is 9% of the estate if the estate is less than  $20,000.  If it is greater than $20,000, it is $1,800 plus 3.6% of the excess over $20,000.

The executor is also permitted to hire an attorney to help him with the administration of the estate.  See Maryland Code sec 7-602.