For the first $100,000 of the estate value, both parties are entitled to 4%. For the next $100,000, they receive 3%. For the following $800,000, they receive 2%. For the next $9 million, they receive 1%.
For the first $100,000 of the estate value, both parties are entitled to 4%. For the next $100,000, they receive 3%. For the following $800,000, they receive 2%.
The formula for calculating fees is found in California Probate Code Sections 10810 and 10811, and is based upon the estate accounted for, as follows: 4% of the first $100,000. 3% of the next $100,000. 2% of the next $800,000. 1% of the next nine million dollars. ½ of 1% of the next fifteen million dollars.
(1) Four percent on the first one hundred thousand dollars ($100,000). (2) Three percent on the next one hundred thousand dollars ($100,000). (3) Two percent on the next eight hundred thousand dollars ($800,000).
Here's a breakdown: 4% on the first $100,000 of the estate's value. 3% on the next $100,000. 2% on the next $800,000.
Trusts: If the deceased had a trust, you will not need to go through probate. Trusts are created to allow the deceased's family and friends to inherit without having to go through the long and expensive probate process.
You can complete probate on your own, but an attorney can make the process easier.
4% on the first $100,000 of the estate's value. 3% on the next $100,000. 2% on the next $800,000.