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How much does a lawyer make for handling an estate. Is it…

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How much does a...

How much does a lawyer make for handling an estate. Is it determined by the amount of the estate. Is it advantages for the attorney to prolong this the finalization of the estate.. Thanks

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

NC

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Filed

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Can the estate pay a realtor's fee if you present a contract on a piece of Real Estate.

Submitted: 6 months ago.Category: Legal
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1/4/2018
Lawyer: Ely, Counselor at Law replied 6 months ago
Ely
Ely, Counselor at Law
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Hello and welcome to JustAnswer. Please note: This is general information for educational purposes only and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. (You may also be offered a phone call, but those don’t come from me and are offered by the website and you are under no obligation to accept.)

If the will/trust states how much the attorney is to make, that controls.

If the will/trust is silent, then it falls under default NC laws. In NC the fee for estates in excess of $10,000 is $40.00 plus $4.00 for each $1,000 pierce of personal property (meaning not real estate) held by the estate. The fees cannot go higher than $6,000. In addition, North Carolina statutory law provides that the attorney’s fees must be reasonable and not exceed 5% of the estate. That 5% will offset any commission.

Yes, the estate normally would pay the realtor's fee in sale of a property.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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