Your legal guide after losing a loved one
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Los Angeles Probate Lawyer
In California, the probate code sets a statutory fee for attorney’s and private representatives (executors) to manage a decedent’s estate. Additionally, the attorney and private representative may request and be permitted by the court to receive an amount above this standard fee if extraordinary services are performed.
A probate fee calculator only calculates the worth of property subject to probate administration. Property subject to probate administration generally includes the gross value of realty, business interests, investments, bank accounts, and private property. Retirement accounts, insurance, and assets placed during an inter vivos trust are generally not subject to probate administration.
Under California Probate Code §10810, the attorney and private representative (also referred to as the Executor or Administrator), each receive compensation supported by the estate’s GROSS value accounted for by the non-public representative.
Assets to probate administration generally include the overall gross value of material possession, business interests, investments, personal estate, litigation interests, and financial accounts without designated beneficiaries.
Assets held in trusts, insurance proceeds, retirement accounts, and financial accounts with designated pay-on-death beneficiaries do not seem to be generally subject to probate administration.
The code sets a statutory fee for the standard and customary probate administration services. The fee schedule is:
- Four per cent on the primary 100 thousand dollars ($100,000).
- Three per cent on the next 100 thousand dollars ($100,000).
- Two per cent on the following eight hundred thousand dollars ($800,000).
- one-hundredth of the following nine million dollars ($9,000,000).
- One-half of 1 per cent on the next fifteen million dollars ($15,000,000).
- For all amounts above twenty-five million dollars ($25,000,000), an inexpensive amount to be determined by the court.
The Probate Fee Calculator below calculates the estimated probate attorney’s fees and executor/administrator’s commissions for the administration of estates valued over $150,000, but $25,000,000. For estates over $25,000,000, the court will determine a “reasonable” fee.
If you have been named an executor in an exceedingly loved one’s Will, otherwise, you seek to be appointed as an administrator of a loved one’s estate.
Following example will demonstrate how a probate calculator works:
You can use the calculator below to estimate Probate attorney’s fees. The executor commissions for the administration of estates valued at over $150,000 but less than $25,000,000. The court determines a reasonable amount for above $25,000,000. The following explanation is taken for informational purposes only. It should not be relied on for taking the actual part.