 For a One Million Dollar Estate the Probate Statutory Attorney Fee is $4,000.00 plus $3,000.00 plus $16,000.00 for a total of $23,000.00. For each additional Million Dollar Estate Value add another $10,000.00 in Attorney Statutory Fees. On a Two Million Dollar Probate Estate the Statutory Fee would be $33,000.00.
The Personal Representative's Fee is the same. Just multiply the Statutory Fee twice. For a One Million Dollar Estate the fee and commission is $46,000 and on a Two Million Dollar estate the total is $66,000.00.
That
is not to mention the small 1/10th
of one percent Probate Referee's fee
for appraisal of the estate, court
filing fees, costs of Publication and all those Extraordinary
Attorney Fees that are not covered
above and are billed by the hour.
Probate Code, Section 80110.
Place your estate in a living trust and avoid the Probate Statutory Attorney Fee, the Representative's Commission and other probate costs.
The Attorney Statutory Fee and the Personal Representative's Commission is figured identically and is subject to personal income taxes; however, under certain circumstances the Personal Representative waives the commission. Probate Code, Section 10800 and 10810. The value of the estate is based upon the gross value (without allowance for deductions) less estate expenses and losses.
|
|
|
| Four |
(4%) |
percent on the first |
$ 100,000.00 |
|
 |
| Three |
(3%) |
percent on the next |
$ 100,000.00 |
|
|
| Two |
(2%) |
percent on the next |
$ 800,000.00 |
|
|
| One |
(1%) |
percent on the next |
$9,000,000.00 |
|
|
| Half |
(½%) |
percent on the next |
$15,000,000.00 |
; |
|
|
|
|
and then a reasonable amount on the next $25 million. |
|
|
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