What is the cost of probate in California?

There are 3 main costs of probate: 1) financial; 2) time; 3) publicity.

Financial Cost of Probate

Probate fees are based on the gross assets of the decedent (the person who died).

• 4% of the first $100,000

• 3% of the next $100,000

• 2% of the next $800,000

• 1% of the next $9,000,000

• .5% of the next $15,000,000

These fees are payable to BOTH the executor and the attorney that they hire.

For an estate with gross assets of $500,000, the fees are $13,000 for the executor and $13,000 for the attorney, for a total of $26,000.

For an estate with $1,000,000 in gross assets, the fee is $23,000 for the executor and $23,000 for the attorney, for a total of $46,000.

For an estate with $5,000,000 in gross assets, the fee is $61,000 for the executor and $61,000 for the attorney, for a total of $122,000.

Time Cost of Probate

Going through a probate proceeding generally takes 18-24 months from start to finish.

Publicity of Probate

If an estate goes to probate court, it is inherently a public proceeding. That means everyone in the world gets to know all the details of the case.

There are several ways you (or your estate) can avoid paying these kinds of fees. Contact me for a complimentary consultation to discuss your options.