Legal Question in Wills and Trusts in Puerto Rico

Estate Settlement Fees in Puerto Rico

My father a resident of Puerto Rico passed away without a will. He leaves my mother and seven adult children. His estate consists of a house appraised at $90K and savings of approximately $20K.

A local attorney has agreed to handle the estate for 10% of total assets. He said his usual fee is 15% but this was a straightforward estate.

Question: Is a 10% fee reasonable?


Asked on 6/02/06, 1:17 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Estate Settlement Fees in Puerto Rico

This seems somewhat high, but I do not know what is involved. On this type of simple estate, presuming the house will not be sold, and all that is needed is a Deed, and the remaining assets liquidated and distributed, a few thousand dollars tops would be reasonable.

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Answered on 6/02/06, 4:57 pm


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