My father has estate valued at approximately 4million...half of which is real estate (a house)...all of this orbiting: California law..my older brother is the executor and my father's wishes are to split evenly between us brothers.. how much can executor charge? Is that fee billed to estate off the top (i guess he would be billing half to himself) ? Or what? Living trust/California
Reginald’s answer:
Intuitively, you are correct with respect to your brother billing half of his executor fee to himself, as said executor fees do come off the top.
With regard to how much he can charge, that is governed by Probate Code section 10800 et seq, which, sets forth a statutory fee schedule based on the value of the estate (Statutory Fees). There is, however, another fee that he may request, extraordinary fees. These fees are for performing services that go beyond statutory administration of the estate, and are based on a reasonable hourly rate.
Feel free to contact our office should you need further assistance.
Best Regards,
Reginald Mason
Mason & Associates
8200 Wilshire Blvd. 2nd Flr.
Beverly Hills, CA 90211
877-288-6230 Office
323-944-0413 Facsimile
I bought the property at on line auction and get quit claim deed on property. what i need to do to get a clear title on property: i check with tilt company there is no line on the property
Reginald’s answer:
Contact a title company and get a date-down preliminary title report. That will reveal any and every kind of document that has been recorded against the property.
If you would like to arrange a consultation to have your documents reviewed, feel free to call my office.
Best Regards,
Reginald Mason
Mason & Associates
8200 Wilshire Blvd. 2nd Flr.
Beverly Hills, CA 90211
877-288-6230 Office
323-944-0413 Facsimile
Do we need to go thru the probate process?: My Father just recently passed leaving no will. I have 3 brothers and 1 sister and we all decided to leave the house to one of my brothers since he is the only one that does not own a house and was living with my father at the time of his death. The house has already been paid for. What are the next legal steps?
Reginald’s answer:
First step is to check the title to the property. If it is already in your brother's name then there's no need to probate the property. If it is still in your Father's name, then you will need to probate the property. For a more full consultation, please call on me.
Mason & Associates
8200 Wilshire Blvd. Suite 200
Beverly Hills, CA 90211
877-288-6230 O
323-944-0413 F