STATUTORY PROBATE ATTORNEY'S FEE AND EXECUTOR'S COMMISSION
In California, the law sets the fee that an attorney can charge for ordinary legal services considered necessary to administer a Probate estate. (See California Probate Code Section 10810) Such fees are the "statutory attorney's fee". To calculate the statutory attorney fee the value of the Probate estate is the basis for calculation as follows:
- Four percent on the first one hundred thousand dollars ($100,000),
- Three percent on the next one hundred thousand dollars ($100,000),
- Two percent on the next eight hundred thousand dollars ($800,000),
- One percent on the next nine million dollars ($9,000,000),
- One-half of 1 percent on the next fifteen million dollars ($15,000,000),
- The court decides what is reasonable for amounts above twenty-five million dollars ($25,000,000).
As well as statutory fees, the court may need or the client may seek additional legal services involving administration of the estate, known as extraordinary services. On court approval, the attorney may collect added fees for extraordinary services. Click here to see what it costs to avoid probate and establish a Living Trust.
Continue reading "What Are the Fees for Probate in California?" »
STATUTORY PROBATE ATTORNEY'S FEE AND EXECUTOR'S COMMISSION
In California, the law sets the fee that an attorney can charge for ordinary legal services considered necessary to administer a Probate estate. (See California Probate Code Section 10810) Such fees are the "statutory attorney's fee". To calculate the statutory attorney fee the value of the Probate estate is the basis for calculation as follows:
- Four percent on the first one hundred thousand dollars ($100,000),
- Three percent on the next one hundred thousand dollars ($100,000),
- Two percent on the next eight hundred thousand dollars ($800,000),
- One percent on the next nine million dollars ($9,000,000),
- One-half of 1 percent on the next fifteen million dollars ($15,000,000),
- The court decides what is reasonable for amounts above twenty-five million dollars ($25,000,000).
As well as statutory fees, the court may need or the client may seek additional legal services involving administration of the estate, known as extraordinary services. On court approval, the attorney may collect added fees for extraordinary services. Click here to see what it costs to avoid probate and establish a Living Trust.
Continue reading "What Are the Fees for Probate in California?" »