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Probate costs money $$$$$

November 11, 2011

There are many fees associated with Probate.  These fees include attorney fees, personal representative fees, appraisal fees, and court fees.  Additionally, your estate will have to pay taxes and creditors.  Only after everyone else is paid can your heirs or beneficiaries receive their inheritance.  Probate fees vary from state to state, but here are the national average according to a survey by the American Academy of Estate Planning Attorneys:

Attorney’s fees: 1.5 to 4 percent of the value of your estate.

Personal Representative’s fees: 1 to 5 percent of the value of your estate

Overall Probate fees: 3 to 10 percent of the value of your estate

 

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One Comment
  1. Probate can be expensive

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