Probate is the court-governed process through which a decedent’s estate is administered and distributed pursuant to either to the decedent’s will or California law. The probate process is lengthy and complex. It typically involves several court hearings, numerous court filings, and sale of assets, and debt negotiation. The California Probate Codes sets the standard for ordinary attorney’s fees and executor’s fees. In certain cases, extraordinary attorney’s fees and executor’s fees may also be available, subject to the court’s discretion. The California Probate Code presently authorizes the following formula for ordinary attorney’s fees and executor’s fees:
4% of first $100,000;
3% of next $100,000;
2% of next $800,000;
1% of next $9,000,000; and
0.5% of next $15,000,000.
The court determines ordinary attorney’s fees and executor’s fees for amounts above $25,000,000.
Sundin Law Office is experienced in performing probates. We can help you navigate the administration of your loved one’s estate. Contact us today for a complimentary initial consultation.
Even if your loved one’s estate does not require a probate and is not subject to a trust administration, there are still tasks that must be performed to administer their estate. For example, government entities and creditors must be notified of your loved one’s passing. Your loved one’s debts must also be settled, their final tax returns and liabilities addressed, and their net assets distributed to the intended recipients. We understand this process and are here to help you settle your loved one’s estate.
Contact Sundin Law Office today for a complimentary initial consultation.