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Calculate how much an executor (personal representative) can charge for administering an estate. Fees vary by state law.
Illinois allows executors to receive "reasonable compensation" as determined by the court.755 ILCS 5/27-1 (reasonable compensation; no statutory percentage)Verified May 31, 2026 Courts consider the size and complexity of the estate, the time spent, and the executor's skill and experience. Typical fees range from 2% to 4% of estate value.
Yes. Executors in Illinois can waive their fee entirely or accept a reduced amount. Family members serving as executor often waive compensation, particularly when they are also beneficiaries of the estate. Waiving the fee reduces the overall cost of probate and increases the amount available for distribution to beneficiaries.
Illinois requires executors to post a surety bond.755 ILCS 5/12-2Verified May 31, 2026 The bond requirement can be waived in the will or by court order. The typical annual bond premium is approximately 0.5% of the estate value. The bond protects beneficiaries against executor misconduct or mismanagement.
An executor in Illinois is responsible for filing the will with the probate court, inventorying assets, notifying creditors, paying debts and taxes, and distributing remaining assets to beneficiaries.755 ILCS 5/25-1 (small estate), 5/27-1, 5/28-1 (independent admin)Verified May 31, 2026 The process typically takes 6-9 months for simple estates and 9-14 months on average. The 6-month creditor claim period sets a minimum timeline. The Illinois executor checklist outlines each step.
Executor fees and attorney fees are separate costs in Illinois probate. Attorney fees are based on reasonable compensation.755 ILCS 5/27-2 (reasonable compensation; no statutory percentage)Verified May 31, 2026 Executor compensation is calculated separately from attorney fees. Both fees are paid from the estate before distribution to beneficiaries.
Total probate costs in Illinois include executor fees, attorney fees, court filing fees, publication costs, and potentially bond premiums. Executor compensation is one component of the overall expense. The total typically ranges from 3-8% of the estate value depending on complexity. Use the Illinois probate calculator for a complete cost estimate.
In-depth guides covering Illinois probate laws, trust requirements, and estate planning strategies.
Total value of estate assets before debts. Executor fees are calculated on gross value.
Select your state and enter the estate value to see what an executor can charge.
Executor fees (also called personal representative compensation) are calculated on gross estate value. This calculator provides educational estimates only and does not constitute legal or financial advice. Executors may waive their fee. Family members serving as executor often do so without compensation. Consult a licensed attorney for guidance specific to your situation.
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