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Elder Law Services of California

 

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Cost of Probate

 

so, how much does probate cost?

Probate is a lengthy and tedious situation that can last anywhere from seven months to a year (or more in certain cases). In most states, attorneys charge by the hour or charge a flat fee for entire probate process. In California, however, attorneys are allowed to charge a “stationary fee”, which ends up being a percentage of the total value of assets that are put through probate. That fee can skyrocket the price of probate and make it an expensive and overwhelming process.

 

Rates for probate cases in California

  • 4% of first $100,000

  • 3% of next $100,000

  • 2% of next $800,000

  • 1% of next $9,000,000

  • 0.5% of next $15,000,000

There are some exceptions to those rates and in complicated cases the court can order higher attorney fees to be paid based on the value of the estate. The price of probate typically includes appraisal costs, court costs, personal representative fees, and accounting fees among other things. Some probate fees can be negotiated with your attorney, however, others are set by the state and cannot be lowered.

the probate stationary fee

In California, the probate stationary fee is generally based off the gross value of the deceased person’s estate, which can be a huge misrepresentation of the actual money available, since debts and other issues are not considered. According to various studies over 60 percent of Americans do not have an estate plan, and that fact has turned probate into a $2 billion industry. That money, however, comes from families who lost a loved one, and instead of passing those assets down to heirs and beneficiaries the government ends up with on the receiving end of those fees.

keep the cost down with elder law services of california

If you are in the unfortunate situation of going through probate and need an attorney to help you through the difficult process, our team at Elder Law Services of California is here to help. Give us a call at (800) 403-6078 to schedule a FREE consultation with one of our experienced probate attorneys. If you are not going to probate, but would like to avoid the process in the future, now is a great time to start an estate plan to protect your assets for future generations of your family. We look forward to serving you.

 

Serving Our Community Since 1995

Elder Law Services of California, APLC provides the same strategic planning and legal representative of larger firms, yet in a personalized, family-like manner. Our priority is to provide the highest level of legal services and client satisfaction when representing your Medi-Cal Planning, Estate Planning, Trust Administration, or Probate cases. Above all, we understand the importance of you and your family’s financial future and legal security.

Our team of Attorneys and legal support staff have assisted thousands of different families by giving them the freedom to plan for the security of their future, while also providing peace of mind with our experienced legal advice. As our name, Elder Law Services of California, APLC serves all families in California, with convenient locations throughout Los Angeles, as well as locations in Northern California, and San Diego.

Whether you need to qualify for Medi-Cal, pay for long-term care, create an estate plan and powers of attorney, proceed a conservatorship, protect your assets, or deal with the loss of a loved one, our team is there for you every step of the way. Sadly, many families are unprepared for any significant planning for their future, so take the first step today to protect your family’s integrity.

Elder Law Services  of California, APLC.
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      21250 Hawthorne Blvd Suite #500 
      Torrance, CA. 90503 USA

      Mon – Fri: 9AM – 5PM

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