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Per California Probate Code Sections 10800 & 10810, the following attorney’s fees are statutorily established.
• 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
Both the executor and the attorney are entitled to the above fees. Therefore probate could cost as much as:
• $16,000 for a $250,000 estate
• $26,000 for a $500,000 estate
• $46,000 for a $1 million estate
• $66,000 for a $2 million estate
• $86,000 for a $3 million estate
• $106,000 for a $4 million estate, etc.
Why would you needlessly subject your heirs to these costs?
These costs are completely avoided it you have a living (revocable) trust that is fully funded.