Sometimes in life, the unexpected happens. Unfortunately, when a family member or friend dies before setting up their estate plan, you may be forced to undergo a California probate. For instance, if the assets of the estate exceed $166,250, the representative will need a full probate proceeding to distribute assets to beneficiaries. However, even if the beneficiaries cooperate and the estate is fairly simple, it still may be a difficult road. Typically, California statutory attorneys fees for probate services are excessive and unreasonable. Therefore, you may elect to search for an alternative way to complete the probate. Luckily, for these situations, A People’s Choice offers Ventura County probate services to save beneficiaries and the estate thousands of dollars.
Calculating Attorney Statutory Fees for a Probate Proceeding
There are several different types of probate proceedings, from simplified proceedings that are usually completed in about two months, to a full probate that can last up to nine months. According to California Probate Code Section 10810-10814, the state allows attorneys to charge statutory fees when handling a complete probate. As a result, attorneys fees for even the smallest estate can easily exceed $10,000!
The value of the estate determines attorneys fees. However, loans against estate assets do not affect its value. For example, an estate consisting of a $500,000 house with a $480,000 mortgage, would still be calculated for statutory attorneys fees on the full $500,000 value.
More specifically, attorneys would calculate their fees for a $500,000 estate as follows:
- Four percent of first $100,000: $4,000 plus
- Three percent of next $100,000: $3,000 plus
- Two percent of next $800,000: $6,000 equals
- Total attorney fees: $11,000
In addition to attorneys fees, probate comes with ancillary costs such as court filing, newspaper publication, and appraisal fees. Typically, these miscellaneous costs amount to about $1500 or more.
To learn how much your probate may cost, use our online probate calculator. This tool can help you determine the statutory attorney fees in probate and what you will save by using our services!
A People’s Choice’s Ventura County Probate Service = Substantial Savings
A People’s Choice is a registered legal document assistant and experienced Ventura County probate service. We offer full probate services for filing in Ventura County and all other California courts. Plus, all of our services cost only a low, flat fee. We even offer special pricing for simplified probate proceedings! As a result, using our Ventura County probate service will save you thousands of dollars.
Don’t let the legal system scare you! A People’s Choice is here to make it fast, easy and hassle-free. And don’t spend needless money hiring an attorney for matters you can handle with just a little professional help from A People’s Choice.
Real Customer Testimony
“Well I was glad that when we started the probate that we used A People’s Choice, a Ventura probate service, because we had looked at various lawyers. And it’s hard with a lawyer because you don’t know if they are going to do a good job or a bad job… until you’ve already spent a lot of money because they charge you by the hour. But when I used A People’s Choice it was a flat fee. The paperwork was handled efficiently and everything was organized. I understood what was expected of me, what was expected of the estate. So I felt very comfortable when I used A People’s Choice for the probate because I knew exactly what I needed to do and I knew exactly how much it was going to cost with no ups and no downs.
So if you are going to do a probate or you have to do a probate and if you want to try and save your beneficiaries a lot of money, I would highly recommend A People’s Choice.”
Don’t let the legal system scare you. A People’s Choice is here to make it fast, easy and hassle-free. Call now to talk directly to a professional legal document assistant at A People’s Choice or visit our website.
A People’s Choice is a Ventura probate service and registered legal document assistant Service, and offers both local and online service through our comprehensive website which enables us to serve customers worldwide who find themselves dealing with the California court system in a variety of routine legal proceedings. We are registered and bonded as required under California law.