FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •  FREE CONSULTATION NOW! • HURRY LIMITED SLOTS!  •
Call Us:
divorce lawyer free consultation near me

Who Pays Probate Attorneys Fees

Categories

Recent Posts

Google review 4.8 over 5 from customers
5 start rating from Avvo
Call Us Today!

 

Probate attorney’s fees are typically paid by an executor, beneficiary, or trustee.

Types of Fee Arrangements

Attorneys typically utilize one of 3 approaches to bill for working probate: by each hour, a flat-fee, or a percentage of the worth of the assets in the estate. Your lawyer might let you decide how you pay—for instance, $274 each hour or a $1,600 flat-fee for managing an everyday probate case.

Hourly Billing

Many probate attorneys charge hourly rates, influenced by experience, location, and firm size. Rates range, with smaller towns at $150/hour and cities usually under $200/hour. Specialized attorneys may charge more, bringing expertise benefits. Associates and paralegals in a firm often have lower hourly rates. Billing typically occurs in 6-minute increments, even for shorter tasks.

Flat-Fees

Attorneys may opt for a flat fee in probate cases, avoiding detailed time tracking. This arrangement offers clients peace of mind, eliminating concerns about accruing charges with each question. However, it’s essential to clarify what the flat fee includes, as additional expenses like court filing fees or appraiser fees may still apply.

Percentage of the Estate’s Value

Paying a percentage of the estate’s value to a probate attorney is unfavorable. While this method is only common in a few states, bargaining for an hourly rate or a flat fee is recommended. Attorneys may prefer a statutory fee, despite its high cost relative to the workload.

How Much Does Probate Cost?

Probate costs vary widely by location, generally ranging from 3% to 7% of an estate’s value. As the estate’s worth increases, these fees are likely to escalate.

Source:

  1. Mary Randolph, J. (2014, February 03). Probate lawyers’ fees and billing. Retrieved February 23, 2021, from https://www.nolo.com/legal-encyclopedia/probate-lawyers-fees-billing.html

Print Friendly, PDF & Email

Related Post