How much does an executor of an estate get paid in Nevada?

When someone dies, their estate goes through a legal process known as probate. This process is overseen by an executor, who is appointed by the court to manage the estate and distribute its assets.

In Nevada, the executor or personal representative is typically paid a commission based on the size of the estate. In this blog post, we will discuss how much an executor in Nevada can expect to be paid.

How much does an executor of an estate get paid in Nevada?

According to NRS 150.020(1), the Nevada executor fee is calculated by the size of the estate and goes as follows:

• 4% of the first $15,000.00

• 3% of the next $85,000.00

• 2% for all amounts above that.

For Example;

Jane Doe is the executor of an estate worth $600,000. Here is how we calculate her executors compensation;

4% of the first $15,000 = $600

3% of the next $85,000 = $2,550

2% of the residual estate $500,000 = $10,000

Jane's total compensation is $13,150 for completing her executors duties.

Example 2;

John Doakes has been named the executor of an estate worth $500,000. Here is how we calculate his compensation;

4% of the first $15,000 = $600

3% of the next $85,000 = $2,550

2% of the residual estate $400,000 = $8,000

If John completes his fiduciary executor duties, his compensation will be $11,150

Can an executor in Nevada get paid more for their duties?

According to the; NRS150.030 executors may receive extra compensation for extraordinary services if the court deems so.

What might be considered extraordinary services?

1. Management, sales or mortgages of real or personal property.

2. Contested or litigated claims against the estate.

3. The adjustment and payments of extensive or complicated estate taxes.

4. Litigation in regard to the property of the estate.

5. The carrying on of the decedent’s business pursuant to an order of the court.

6. Such other litigation or special services may be necessary for the personal representative to prosecute, defend or perform.

Things to consider:

The Nevada statute on executor fees will not apply if the will includes a provision stating what the executor fee should be. If there are multiple executors of an estate, they will divide the fee evenly among themselves. Also if an attorney is acting as the executor of the estate, they cannot claim both attorney and executor fees.