Legal Question in Wills and Trusts in California
Probate fees & executor responsibilities
My father passed away in February
2008. I am his only surviving child.
He was remarried in 1987 & the
marriage lasted 20 years. They both
signed premarital contracts . In
1992, my father sold his business
and revised his will. In the revised
will it is stated that all of estate is
divided in this manner : a. to my
wife the sum of $100,000 b. to my
granddaughter $20,000 c. all the
remainder of my estate to my
daughter. (me) My step mother was
named the Executor & also hired a
probate attorney to assist her .My
question concerns the amount of
fees charged in settling the estate.
The estimated value of the estate at
the time of my father’s death was
$932,000. The fees incurred are
$21,600 each for the attorney & my
stepmother & $20,000 to be
reimbursed to my step mother for
advancing money to process the
estate. Are these fees common &
usual for the handling of probate or
are they exorbitant? I did not expect
my step mother to be paid as the
Executor $20,000 & I know it was
not my father’s intention. She was
already left $100,000 & all personal
property in the home. I was left the
house which is valued at $750,000.
1 Answer from Attorneys
Re: Probate fees & executor responsibilities
An executor and her attorney are both entitled to statutory fees for administering the probate. On a probate of a $932,000 estate, the statutory fees (at least in CA), would be $21,640 for the executor and $21,640 for the executor's attorney (+ any court-approved extraordinary attorney's fee). Administrative expenses also are paid by the estate, so if your step mother advanced them, it is appropriate that she be reimbursed. The $20,000 amount of advanced costs sounds high, but it could have been that she was paying the mortgage on the house that you inherited. The $20,000 sum should not be attorney's fees because the attorney cannot be paid twice.