Can I be Compensated for Being the Executor of an Estate in Louisiana?

Can I be Compensated for Being the Executor of an Estate in Louisiana?

Yes.  Louisiana law provides that an executor may be compensated for services rendered in the amount of 2.5% of the total inventory of the estate, although the executor may opt to not to receive this compensation.  The amount is paid out of the estate at the completion of the executor’s duties and after the filing of a final account with the court.  A court may also increase the amount of compensation upon proper showing.  If you opt to receive this compensation, this will be conveyed to the heirs when the final accounting is filed. 



If you have any questions regarding this article or need assistance with any other succession or estate planning matters, please contact Katherine Wells Gressett at (504) 285-0475 or Katherine@snw.law.