How Much Will Probate Cost?

How much will a typical probate cost? 

While it will vary depending upon the attorney  and the Executor involved, the property owned by the person who passed away, the magnitude of creditor claims, and disagreements which may arise between the heirs, the cost of probate can run anywhere from less than $2,00000 to many times that amount.  Court filing fees, county recording fees, and the cost of publishing a Notice to Creditors will usually add about $20000 to 30000 to that figure.

On top of that, the Executor is also entitled to “reasonable compensation” which will vary depending on the amount of time that he or she is required to spend on the process.   And the services of appraisers may also be required adding to the total.

And for married couples, these numbers are nearly doubled because of the requirement of a separate probate proceeding as each spouse passes away.  Also, if the person who passed away owned property in more than one state, legal proceedings will be required in each state unless a Living Trust was set up to avoid probate altogether.

Especially for married couples who own their own home, the cost of setting up a Living Trust or a Family trust is an excellent investment that will, in the long run, save several times the amount invested.  It will also allow for inheritances to be accomplished in privacy and far more rapidly than is possible under a probate proceeding.


Wit & Wisdom

Sow an act, and you reap a habit. Sow a habit, and you reap a character. Sow a character, and you reap a destiny.

- Charles Reade


Testimonials

We are very pleased with the services & the documents. . . We took the notebook of documents to both our bank manager and our financial planner when making the shift to the trust and both said it was the best one they had seen." (Tom & Carol G., Boise, Idaho)