What is the executor fee in Wyoming?

Wyoming sets executor compensation by statute (Wyo. Stat. § 2-7-803 (10% of first $1K, 5% of next $4K, 3% of next $15K, 2% thereafter; extraordinary fees per § 2-7-803(b), payable only on court order per § 2-7-805)). The fee schedule is based on the gross value of the estate. Executors and beneficiaries may agree to a different amount, but the statutory schedule provides the default.

What does an executor do in Wyoming?

An executor in Wyoming is responsible for filing the will with the probate court, inventorying assets, notifying creditors, paying debts and taxes, and distributing remaining assets to beneficiaries. The process typically takes 4-6 months for simple estates and 6-12 months on average (Wyo. Stat. §§ 2-1-101 (short title "Wyoming Probate Code"), 2-1-201 (small estate affidavit, $400K, 30 days), 2-1-205 (summary distribution, $400K; 2 consecutive weeks publication), 2-2-401 (court filing fee $160 = $110 + $40 + $10, plus value-based fees), 2-3-102/2-3-111 (bond required/waivable), 2-6-122 (probate of will without administration), 2-7-201 (notice by publication, 3 consecutive weeks for full probate), 2-7-404 (appraisal by disinterested persons; no referee system), 2-7-703 (creditor nonclaim, 3 months from first publication), 2-7-801 (1-year completion policy), 2-7-803 (executor fees), 2-7-804 (attorney fees), 2-7-805 (fee allowance procedure); SF0104 2025 Enrolled Act 85 (threshold increase to $400K, eff. 7/1/2025); full Title 2 text from wyoleg.gov/statutes/compress/title02.pdf). The 3-month creditor claim period sets a minimum timeline.

How do executor fees compare to attorney fees in Wyoming?

Executor fees and attorney fees are separate costs in Wyoming probate. Attorney fees are set by statute (Wyo. Stat. § 2-7-804 (10% of first $1K, 5% of next $4K, 3% of next $15K, 2% thereafter)). Executor compensation is calculated separately from attorney fees. Both fees are paid from the estate before distribution to beneficiaries.

What is the Wyoming statutory executor fee schedule?

The Wyoming statutory schedule for executor compensation is: 10% on the first $1K, 5% on the next $4K, 3% on the next $15K, 2% on amounts above $20K (Wyo. Stat. § 2-7-803 (10% of first $1K, 5% of next $4K, 3% of next $15K, 2% thereafter; extraordinary fees per § 2-7-803(b), payable only on court order per § 2-7-805)). The fee applies to the gross value of the probate estate. Extraordinary services may warrant additional compensation as approved by the court.

How Much Does an Executor Get Paid in Wyoming?

Calculate how much an executor (personal representative) can charge for administering an estate. Fees vary by state law.

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Estate Value

Total value of estate assets before debts. Executor fees are calculated on gross value.

Calculate executor compensation

Select your state and enter the estate value to see what an executor can charge.

Examples:

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.

Frequently Asked Questions

Wyoming sets executor compensation by statute. The fee schedule is based on the gross value of the estate. Executors and beneficiaries may agree to a different amount, but the statutory schedule provides the default.

Yes. Executors in Wyoming 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.

Wyoming requires executors to post a surety bond. 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 Wyoming is responsible for filing the will with the probate court, inventorying assets, notifying creditors, paying debts and taxes, and distributing remaining assets to beneficiaries. The process typically takes 4-6 months for simple estates and 6-12 months on average. The 3-month creditor claim period sets a minimum timeline. The Wyoming estate settlement plan outlines each step.

Executor fees and attorney fees are separate costs in Wyoming probate. Attorney fees are set by statute. Executor compensation is calculated separately from attorney fees. Both fees are paid from the estate before distribution to beneficiaries. To estimate the attorney fee, use the Wyoming probate attorney fee calculator.

Total probate costs in Wyoming include executor fees, attorney fees, court filing fees, publication costs, and potentially bond premiums. Executor compensation is one component of the overall expense. On a $500,000 estate, the total runs about $23,460 — roughly 5% of estate value — depending on complexity. Use the Wyoming probate calculator for a complete cost estimate.

The Wyoming statutory schedule for executor compensation is: 10% on the first $1K, 5% on the next $4K, 3% on the next $15K, 2% on amounts above $20K. The fee applies to the gross value of the probate estate. Extraordinary services may warrant additional compensation as approved by the court.

Executor Fees in Wyoming

Executor fees in Wyoming follow a statutory schedule — typically 2% to 5% of the estate value. This gives families predictability when estimating probate costs. The probate calculator includes executor fees in its total cost estimate.

Wyoming bond requirement: Yes. The bond is waivable (Yes), often through a provision in the will. The typical bond premium is 0.5% of estate value annually. Bond costs are an additional probate expense beyond executor compensation.

Beyond executor compensation, Wyoming probate involves attorney fees (statutory (set by law)), court filing fees, and publication costs. The executor is responsible for managing these expenses. See the estate settlement plan for a step-by-step guide to the Wyoming probate process.

Simple estates in Wyoming typically close in 4 months to 6 months. Executor compensation is usually paid at the close of the estate, though interim fees may be requested for longer administrations.