People generally have no idea about the cost of probate. California probate costs include executor fees, accounting fees, the costs of appraisals, lawyer fees, and surety bonds. Many people are shocked to learn these fees generally amount to between two percent and seven percent of the value of the estate.
In California, probate attorneys can charge a statutory fee. So, probate lawyers can charge a fee that is a percentage of the assets. Few other states permit this. Statutory probate fees in California amount to four percent for the first $100,000 of the gross value of the estate that sees probate. Then, they charge three percent for the next $100,000. The following $800,000 sees a fee of two percent. The following nine million dollars will see a fee of one percent. After that, the next 15 million dollars brings a one-half percent statutory fee.
Other costs depend on the complexity of the estate. A Will can reduce the complexity sometimes and keep costs down. When people dispute the Will, costs of probate obviously rise.
Do You Need A California Realtor Specializing In Probate?
We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.
We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.
If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.