How Much Does an Executor Get Paid in New Jersey?
New Jersey sets executor compensation by statute — about $20,500 on a $500,000 estate, roughly 4.1%N.J.S.A. 3B:18-14Verified Sep 8, 2026View source.
New Jersey sets executor compensation by statute — about $20,500 on a $500,000 estate, roughly 4.1%N.J.S.A. 3B:18-14Verified Sep 8, 2026View source. The fee applies to the gross value of the probate estate; executors and beneficiaries may agree to a different amount, but the schedule is the default. Executors can waive the fee entirely or accept a reduced amount.
The New Jersey statutory schedule for executor compensation is 5% on the first $200K, 3.5% on the next $800K, 2% on amounts above $1MN.J.S.A. 3B:18-14Verified Sep 8, 2026View source. The fee applies to the gross value of the probate estate, and extraordinary services may warrant additional compensation as the court approves.
In New Jersey, co-executors share one commission, increased by 1% of the estate for each executor beyond the first, and no single executor may receive more than a full single-executor commission.N.J.S.A. 3B:18-14Verified Jul 25, 2026View source
New Jersey requires a bond of the personal representative by defaultN.J.S.A. 3B:15-1Verified Sep 8, 2026View source. The requirement can often be excusedN.J.S.A. 3B:15-1Verified Sep 8, 2026View source, by a waiver in the will, agreement of the heirs, or court order, depending on the state. If the court requires a corporate surety, the premium runs about 0.5%N.J.S.A. 3B:15-1Verified Sep 8, 2026View source of the bonded amount annually; most estates avoid it through a waiver or a surety-free bond. The bond protects beneficiaries against executor misconduct or mismanagement.
Executor fees and attorney fees are separate costs in New Jersey probate: attorney fees of typically 2.4%R. 4:42-9(a)(3) (court may allow a counsel fee out of the estate in a probate action) and R. 4:42-9(b) (fee must be supported by an affidavit of services addressing the RPC 1.5(a) reasonableness factors; no statutory percentage); N.J.S.A. 3B:18-6 (attorney also serving as fiduciary)Verified Sep 8, 2026View source to 3.9%R. 4:42-9(a)(3) (court may allow a counsel fee out of the estate in a probate action) and R. 4:42-9(b) (fee must be supported by an affidavit of services addressing the RPC 1.5(a) reasonableness factors; no statutory percentage); N.J.S.A. 3B:18-6 (attorney also serving as fiduciary)Verified Sep 8, 2026View source of the estate, and executor compensation is set separatelyN.J.S.A. 3B:18-14Verified Sep 8, 2026View source. Both are paid from the estate before distribution to beneficiaries. Estimate the attorney fee with the New Jersey probate attorney fee calculator.
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Forms for Settling an Estate in New Jersey
Free forms for settling an estate in New Jersey: the probate petition, small estate affidavit, notice to creditors, inventory, and closing forms.
Renunciation of Executor
In New Jersey, a person named as executor may renounce the right to serveR. 4:96-2 (Renunciations)Verified Sep 23, 2026View source before anyone is appointed.
Small Estate Affidavit
In New Jersey, the Affidavit of Surviving Spouse or Next of KinN.J.S.A. 3B:10-3Verified Sep 8, 2026View source covers estates valued at $20,000N.J.S.A. 3B:10-3Verified Sep 8, 2026View source or less, filed with the court.
Estate Inventory
Prepare the probate inventory of estate property — every asset at its date-of-death value, composed to your state's statute, with the state's filing or delivery instructions.
Estate Closing
In New Jersey, the personal representative is discharged automatically once the statutory period runsN.J.S.A. 3B:17-1, 3B:17-8, 3B:15-23Verified Sep 15, 2026View source, and no final accounting is required.
Tools for Settling an Estate in New Jersey
Free tools for settling an estate in New Jersey: whether probate is needed, executor and trustee pay, creditor deadlines, and inheritance taxes.
Can I Self-File Probate?
New Jersey has no statewide fill-in probate petition, so the opening petition is drafted as a legal pleading, and informal probate is not availableN.J.S.A. 3B:3-17, 3B:3-19; 2B:14-1 (Surrogate is the Judge and Clerk of the Surrogate's Court — no non-judicial/registrar track)Verified Sep 8, 2026View source.
How Do I Get Appointed as Executor?
In New Jersey, the County Surrogate's Court appoints the personal representative and the County Surrogate issues Letters Testamentary or Letters of Administration; every appointment goes through the courtN.J.S.A. 3B:3-17, 3B:3-19; 2B:14-1 (Surrogate is the Judge and Clerk of the Surrogate's Court — no non-judicial/registrar track)Verified Sep 8, 2026View source.
What Are the Creditor Claim Deadlines?
In New Jersey, the 9 monthsN.J.S.A. 3B:22-4Verified Sep 8, 2026View source period after the date of death protects a representative who distributes after it; late claims can still reach undistributed assets.
What Happens When an Estate Is Insolvent?
When an estate owes more than it holds, New Jersey pays the claims in 7N.J.S.A. 3B:22-2Verified Oct 18, 2026View source classes in statutory order, beginning with reasonable funeral expenses.
How Do I Open an Estate Account When Someone Dies?
Compare estate-account opening requirements bank by bank: channels, required documents, and steps.
What Is the Estate's Personal Property Worth for Probate?
Estimate the fair market value of household items for probate and see how it affects fees.
How Much Does Probate Cost?
Probate on a $500,000 estate in New Jersey costs an estimated $35,885R. 4:42-9(a)(3) (court may allow a counsel fee out of the estate in a probate action) and R. 4:42-9(b) (fee must be supported by an affidavit of services addressing the RPC 1.5(a) reasonableness factors; no statutory percentage); N.J.S.A. 3B:18-6 (attorney also serving as fiduciary)Verified Sep 8, 2026View source. Attorney fees run 2.4%R. 4:42-9(a)(3) (court may allow a counsel fee out of the estate in a probate action) and R. 4:42-9(b) (fee must be supported by an affidavit of services addressing the RPC 1.5(a) reasonableness factors; no statutory percentage); N.J.S.A. 3B:18-6 (attorney also serving as fiduciary)Verified Sep 8, 2026View source to 3.9%R. 4:42-9(a)(3) (court may allow a counsel fee out of the estate in a probate action) and R. 4:42-9(b) (fee must be supported by an affidavit of services addressing the RPC 1.5(a) reasonableness factors; no statutory percentage); N.J.S.A. 3B:18-6 (attorney also serving as fiduciary)Verified Sep 8, 2026View source of the estate under a reasonable-compensation standard.
Hire a New Jersey Probate Attorney
Browse 75 probate firms in New Jersey with addresses, contact info, and practice details.
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New Jersey Estate Settlement Resources
In-depth guides covering New Jersey probate, estate administration, and settling an estate.