If you or a loved one are considering setting up an estate plan after death, it will be important to understand what probate is, how much it costs, and why you should use it. The good news is the process does not need to be confusing or worrisome with experienced lawyers like the ones at Keyes Law Group, PC. We come with over a decade of experience in probate and have dealt with all forms of probate law for countless families and trusts.
What is probate?
If you’re looking for probate lawyers in Campbell, then first consider what probate is and if it’s right for you. Probate refers to the legal process of administering someone’s estate after death. Therefore, if you have a last will and testament, qualified attorneys in Milpitas area will be responsible for proving your will is legally valid, dealing out your last will, and ensuring all applicable taxes, fee’s and other legal requirements are met.
How much does Probate cost?
In the state of California, an estate valued at or less than 184,500 dollars will be able to be administered under rather simple and straightforward procedures. However, any estate valued over 184,500 dollars will need a lawyer such as a Los Altos probate law firm. For estates over 150,000 dollars, there is a tiered fee system described by California’s law code system that sets a maximum limit a lawyer may charge. For the first 100,000 dollars, the fee cannot exceed 4%. For the next 100,000 dollars after that, the fees cannot exceed 3%, for the next 800,000 fees cannot exceed 2%, and for the next 9,000,000 fees cannot exceed 1%. Anything over $25,000,000 will likely have a judge preside over the estate to establish a fair fee and special rules for the estate.
We can help
While probate may seem daunting, you are in good hands with Keyes Law Group, PC. With a free 30-minute consultation we will walk you through every step of the probate process and what you can expect. Without probate, your loved ones may be on the hook for unexpected costs, lengthy legal proceedings, and more. So call Keyes Law Group, PC today to make sure your estate is handled according to your wishes.