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Calculate how much an executor (personal representative) can charge for administering an estate. Fees vary by state law.
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; plus extraordinary fees per § 2-7-805)Verified May 27, 2026 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.Wyo. Stat. § 2-3-102Verified May 27, 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 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.Wyo. Stat. §§ 2-1-201 (small estate affidavit), 2-1-205 (summary distribution; 2 consecutive weeks publication), 2-2-401 (court filing fee $160 = $110 + $40 + $10), 2-3-102/2-3-111 (bond), 2-6-122 (probate of will without administration), 2-7-201 (notice by publication, 3 consecutive weeks for full probate), 2-7-703 (creditor nonclaim, 3 months from first publication), 2-7-803 (executor fees), 2-7-804 (attorney fees); SF0104 2025 Enrolled Act 85 (threshold increase to $400K, eff. 7/1/2025)Verified May 27, 2026 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 executor checklist outlines each step.
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)Verified May 27, 2026 Executor compensation is calculated separately from attorney fees. Both fees are paid from the estate before distribution to beneficiaries.
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. The total typically ranges from 3-8% of the 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.Wyo. Stat. § 2-7-803 (10% of first $1K, 5% of next $4K, 3% of next $15K, 2% thereafter; plus extraordinary fees per § 2-7-805)Verified May 27, 2026 The fee applies to the gross value of the probate estate. Extraordinary services may warrant additional compensation as approved by the court.
In-depth guides covering Wyoming 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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