Probate Fees, which are a combination of the fees charged by the probate attorney and the executor or administrator, are set by law. How to calculate them, and how to avoid probate fees, is outlined below:
1
Probate Fees on the First $100,000
Four percent. Fee: $4,000.00. Cumulative total: $4,000.00
2
Probate Fees on the Next $100,000
Three percent. Fee: $3,000.00. Cumulative total: $7,000.00
3
Probate Fees on the Next $800,000
Two percent. Fee: $16,000.00. Cumulative total: $23,000.00
4
Probate Fees on the Next $900,000
One percent.
5
How to Avoid Statutory Probate Fees in California
Establish a Living Trust. A Living Trust allows your assets to pass from your estate to your beneficiaries without the need for a probate proceeding or court supervision. Not only does a living trust avoid probate and its associated fees, it also allows your estate to pass faster, with less expenses, and when properly designed and drafted by an experienced estate planning attorney, can also provide estate tax benefits and asset protection for your beneficiaries.
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