Servicing clients throughout
Probate is the court-supervised legal process through which a decedent’s assets are collected, his or her debts are paid and then the remaining assets are distributed to the decedent’s heirs or beneficiaries.
The
The probate fees under
California Probate Code section 10810 are as follows:
(1) Four percent on the first one hundred thousand dollars ($100,000).
(2) Three percent on the next one hundred thousand dollars ($100,000).
(3) Two percent on the next eight hundred thousand dollars ($800,000).
(4) One percent on the next nine million dollars ($9,000,000).
(5) One-half of 1 percent on the next fifteen million dollars ($15,000,000).
(6) For all amounts above twenty-five million dollars ($25,000,000), a reasonable
amount to be determined by the court.
Statory Compensation under California Probate Code
Value of Estate Attorney Fees
$100,000 $4,000
$200,000 $7,000
$300,000 $9,000
$400,000 $11,000
$500,000 $13,000
$600,000 $15,000
$700,000 $17,000
$800,000 $19,000
$900,000 $21,000
$1,000,000 $23,000
$2,000,000 $33,000
$3,000,000 $43,000
Using the above statutory fee,
a probate state consisting of one family home valued at $400,000 would result
in attorney fees of $11,000. Under
In addition
to statutory attorney and executor fees, an estate is also responsible for the following, noninclusive list of fees: probate
filing fees, probate referee fees for property appraisals, and newspaper publication fees.
The only way to avoid probate
is to create a living trust. To learn more about whether a will or a
living trust is the best option for you, please call for a free consultation.