Executor Compensation and Fees (WY)

Show Table of Contents

If the will does not specify how executor compensation should be calculated, WY estates must follow state compensation rules (see WY calculator below).

In Wyoming, the estate executor is known as a "personal representative".

Wyoming effectively sets the default executor fee as a percentage of probate estate assets:

  • 10.0% for the first $1K
  • 5.0% for the next $4K
  • 3.0% for the next $15K
  • 2.0% for anything more

Estate asset value is calculated as the final gross value of all assets when disbursed (whether distributed to heirs or liquidated to pay debts or expenses), including any net income generated by the assets during the course of settlement. Assets that pass directly to named beneficiaries, such as life insurance policies or 401Ks, are not included in these calculations.

So, for example, a Wyoming estate worth $5K at the time of distribution would yield $300 in executor fees, and one worth $600K would generate $12,350 in executor fees.

Additional compensation is allowed if the base amount is deemed unfair for the amount of work required.

Further compensation is also allowed for extraordinary services. Examples mentioned in the statute include handling litigation or tax matters, and other common examples include overseeing the sale or lease of real estate, or running a business.

See Wyoming Statutes § 2-7-803.

WY Compensation Calculator

EstateExec provides the following executor compensation estimator for WY estates, but please keep in mind that circumstances may vary, and that there may be special situations addressed by local custom or law. By using this estimator, you acknowledge that EstateExec provides any results as informational input only, not as legal advice, and cannot be held responsible for any inaccuracies for, or misunderstandings about, any given estate.

You can use this calculator now, but if you use EstateExec to help you track the settlement process, it will automatically perform the sometimes complex calculations to provide inputs for the fields below (you can create an estate for free).

Compensation:  $ -

See also Compensation for general remarks on executor compensation.

Copyright © 2014-23 EstateExec