Each case is different, so the costs vary. There is a statute that sets forth the reasonable fees for probate. Under that schedule, the attorney’s fee is about three percent of the estate’s assets. Sometimes we are able to work on a flat fee basis.
The Personal Representative is entitled to be paid a fee for his or her services, typically three percent as of the total estate assets.
The estate will incur Court costs and the expense of publishing the Notice to Creditors. If there are tax returns that must be prepared, the accountant will charge for their preparation.
If the estate is contested, the attorneys’ fees will be much higher than if the matter is uncontested.
Is It Possible For Someone To Navigate The Probate Process On Their Own?
In many cases where Formal Administration is necessary, the law requires that the Personal Representative be represented by an attorney. In other cases, a client can act without an attorney, but I recommend against it because the probate process has strict requirements and deadlines. It can be tricky and time-consuming to get through the process without professional assistance.
For more information on Costs Associated with Probate, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling 727-827-7777 today.