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I live in a California. My father just passed away. He was a single man, owned a home outright and some money in the bank. He had a living trust account through the bank which covered his Checking, Savings and IRA's, but did not include the House. He has a Will designating myself as the Executor of the estate and splits the assets between my sister and I (both adult children). Is the house subject to Probate and if so, are the fees collected by an attorney a percentage on only what's in probate or on everything (including the money not going through probate)?

Submitted: 277 days and 6 hours ago.
Category: Estate Law
Value: $30
Status: AWAITING CUSTOMER ACTION

Answer

Thank you for using JustAnswer.

First, I am sorry for your loss.

 

You said you live in California, so I will assume your father passed away here; but please let me know if this was not the case.

 

Yes, the home would be subject to probate if only your father's name was on the deed (eg: you or your sister were not joint owners). The assets under the trust name do not go through probate.

 

Now, probate fees in California are on a sliding percentage scale for the attorney. It's 4% of the first $100,000, 3% of the next $100,000, 4% of the next $800,000, 1% of the next $9 million, and 1/2% for the next $15 million. Here is a brief chart that might be helpfult to you in estimating your father's probate fees.

 

 

Estate Value

Statutory Fee

$100,000$4,000
$200,000$7,000
$300,000$9,000
$400,000$11,000
$500,000$13,000
$600,000$15,000
$700,000$17,000
$800,000$19,000
$900,000$21,000
$1,000,000$23,000
$1,500,000$28,000
$2,000,000$33,000
$3,000,000$43,000
$4,000,000$53,000

Thanks!

 

Please press the GREEN "ACCEPT" button so proper credit is provided for your Answer. No attorney-client relationship exists or was contemplated by this communication. All parties acknowledge that all communications here are available to the public, not privileged attorney-client communications, and are for educational purposes only.

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Expert: legallysound
Pos. Feedback: 100.0 %
Accepts: 
Answered: 2/19/2009

Attorney

Over 12 years of practical experience in Estate Planning, Trust and Probate law.

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