How much does it cost to settle an estate of a person who died without leaving a will.The person has no spouse or children or living parents. He does have three siblings.
State/Country relating to question: New York
Got an answer to: What procedure is followed following the death of a person who died intestate?
Thank you for posting your question to JA/Pearl. Legal questions often take time for research or I may be offline so please be patient, I will reply.That depends entirely on the size and extent of the estate. There will be fees to the probate court, usually several hundred dollars, and then the executor of the estate is also entitled to a reasonable fee for his services as the executor. The filing court fees start at 45.00 and top out at 1250.00 for an estate in excess of 500,000. seehttp://codes.lp.findlaw.com/nycode/SCP/24/2402The executor is entitled to 5% of the amount of the estate that he receives and pays out for estates less than 100,000 and then a lesser % for any amounts over the 100,000. Then if an attorney is needed there will be attorney fees. That can vary but would probably be similar to the executor fees. The answer is that it depends on the size of the estate and what services the executor and/or the attorney have to perform but you can estimate no more than 10% of the estate.
Attorney with experience in wills, estates and trusts
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