Jerry Taylor breaks down probate costs for estates without trusts. California charges 5% of assets, so a $1.2 million estate pays roughly $60,000 while a $500,000 estate pays about $25,000. In states without set fee schedules, attorney fees vary widely, so get multiple quotes.
So the question is, what is it going to cost to get through probate if you have an estate of $1.2 million and there is no trust? And then also, what would a $500,000 estate cost? And really, the question is, depends on several factors, but the most important one really is where you live and what are the laws in that state. Some states have statutorily mandated fees that lawyers can get for handling probate. For instance, in California, I think the fee is 5% of the value of the assets going through probate. So if it's a $1.2 million estate and that's what's going through probate, the fees would be what, $60,000 for the lawyer to handle that. In states that do not have statutorily mandated fees, then it's going to be just whatever the lawyer charges, you know, to do the work. So you should shop around and check with several
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