What Should I Know About Probate Costs?

Probate is the legal process of proving a will and settling an estate after someone passes away. Understanding the costs involved is essential for anyone managing an estate.

Factors Affecting Probate Costs

The expense of probate varies significantly based on several key elements. The state where the decedent lived plays a major role, as costs depend on regional living expenses and state-specific probate laws. Other variables include estate complexity, the time required for settlement, and whether the will is contested.

Timeline and Expenses

A modest estate typically takes between six to 24 months to settle, while larger or more complex estates require considerably longer. According to industry estimates, probate costs generally range from 3% to 8% of the estate’s total value. Disputed wills, missing beneficiaries, or complicated assets extend the timeline and increase expenses proportionally.

Main Cost Categories

Court Costs include filing fees that vary by state—some charge uniform fees while others use graduated scales based on estate size and complexity.

Executor Costs are mandated by state law unless the will specifies compensation. States may allow flat fees or percentage-based arrangements.

Accounting Fees escalate with estate complexity, particularly when dealing with business interests, securities, and tax filings.

Attorney Fees depend on state requirements, court determination, or negotiated arrangements based on anticipated work.

Estate Administration Fees cover property appraisals, real estate commissions, and management costs until property sells or the estate closes.

Getting Help

If you or a loved one needs assistance with probate, estate planning, or elder law matters, do not hesitate to contact The Stegall Law Firm to discuss your specific situation. We are here to help.