What does Florida Probate cost?
All cases will vary, depending upon the complexity and other issues, but many probate attorneys charge either a flat rate fee, or will charge according to the Florida Statutes, which state that the following fees are reasonable and may be paid by the personal representative without Court order. FS 733.6171
(3) Compensation for ordinary services of attorneys in formal estate administration is presumed to be reasonable if based on the compensable value of the estate, which is the inventory value of the probate estate assets and the income earned by the estate during the administration as provided in the following schedule: (a) One thousand five hundred dollars for estates having a value of $40,000 or less.
(b) An additional $750 for estates having a value of more than $40,000 and not exceeding $70,000.
(c) An additional $750 for estates having a value of more than $70,000 and not exceeding $100,000.
(d) For estates having a value in excess of $100,000, at the rate of 3 percent on the next $900,000.
(e) At the rate of 2.5 percent for all above $1 million and not exceeding $3 million.
(f) At the rate of 2 percent for all above $3 million and not exceeding $5 million.
(g) At the rate of 1.5 percent for all above $5 million and not exceeding $10 million.
(h) At the rate of 1 percent for all above $10 million.
Attorney’s fees are a necessary expense of Probate and come off the top. The Personal Representative and Attorney may also negotiate a lesser fee such as a flat fee. Ask your attorney what the fee will be upfront — but remember “You usually get what you pay for.”
We are always “upfront” and clear about our fees; call us today to discuss the details of your case.