Sometimes in life, the unexpected happens, time falls short, and we find ourselves facing a situation that could have otherwise been avoided had there been just a bit of planning. A loved one or family friend dies before setting up their estate plan that would avoid California probate. The assets of the estate exceed $166,250 and a full probate proceeding needs to be filed to distribute the estate to the beneficiaries. The beneficiaries are in complete cooperation with each other and the estate is fairly simple. California statutory attorneys fees for an attorney to handle the estate seem excessive and unreasonable, and so a search for an alternative way to complete the probate ensues. Read on to learn how a Ventura probate service saved beneficiaries and the estate thousands of dollars.
Calculating Attorney Statutory Fees in a Probate Proceeding
There are several different types of probate proceedings, from simplified proceedings that can be completed in about 2 months, to a full probate that typically takes 7-9 months. California allows attorneys to charge statutory fees when handling a complete California probate. These fees are in California Probate Code Section 10810-10814. As a result, attorneys fees for even the smallest estate can easily exceed $10,000.
Attorney’s fees are calculated based on the value of the estate. No consideration is given to reduce the estate value by loans against estate assets. For example, if the estate consists of a $500,000 house but the house has a $480,000 mortgage, the statutory attorneys fees would be calculated on the full $500,000 value. Attorneys fees would be calculated as follows:
4 percent of first $100,000: $ 4,000.00
3 percent of next $100,000: $ 3,000.00
2 percent of next $800,000: $ 6,000.00
Total attorney fees would be $11,000.00.
For an estate valued at $250,000, the attorney’s fees would be $8,000. In addition to these fees, there are ancillary third-party costs such as court filing fees, newspaper publication fees and appraisal fees which typically add about $1500 or more to the total cost of probate. Use our online probate calculator to determine the statutory attorney fees in probate and what you will save when you use our services!
Ventura Probate Service Offers Substantial Savings
A People’s Choice is a registered legal document assistant and experienced Ventura probate service. We offer full probate services for filing in Ventura County and all other California courts for a low, flat fee for all document preparation for a standard probate proceeding. We offer low-cost fees for simplified probate proceedings as well. Using our Ventura probate service will save the beneficiaries 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 uh… 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; and 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 that… 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 uh… 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.