PROBATEProbate is a Public LAWSUIT that you file against yourself, with your own MONEY for the protection of CREDITORS! It is a proceeding in which an executor (if there is a will) or an administrator (if there is no will) is appointed by the court as personal representative to collect the assets, pay the debts and expenses, and then distribute the remainder of the estate to the beneficiaries (those who are entitled to inherit), all under the supervision of the court. Predators may learn of your loved one’s inheritance and seek to separate them from their assets.
Probate is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person's property under the valid will. If a person dies without a will, the court will administer the estate and distribute the deceased person's property according to the California State Probate Law. Attorney fees in the Probate administration are pre defined by the California Probate Code. If your loved one has deceased, we can help you administer the will and make the process as painless and easy as possible. Please contact us so we can help you administer the estate. |
Related Estate Planning ServicesProbate administration involves following specific procedures and rules, and appointing the personal representatives, giving/publishing notices to all known/unknown creditors, Inventory and Appraisals, Accounting and then Distribution. The Probate Administration usually takes between 6 months to 2 years to close.
Note: The steps mentioned above are to give you a general idea. Probate Administration involves various steps, which will differ for every estate |
PROBATE FEE:California Probate Code section 10810 sets the maximum statutory fees that attorneys can charge for a probate. Higher fees can be ordered by a court for more complicated cases. The fees are four percent of the first $100,000 of the estate, three percent of the next $100,000, two percent of the next $800,000, one percent of the next $9,000,000, and one-half percent of the next $15,000,000. For estates larger than $25,000,000, the court will determine the fee for the amount that is greater than $25,000,000.
The value of the estate is determined, in general, by the inventory for the estate. Debts are not included in determining attorney's fees, and if a house is appraised at $1,000,000, for example, and it has a mortgage of $800,000, it is still considered a $1,000,000 asset for the purpose of calculating attorney's fees. A typical estate might incur an additional$1,000 to $3,000 in court costs and other required fees. |
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