A Quick Overview of the California Probate Process
San Diego Probate isn’t as complicated as in some states, but it can be pricey. Apparently the attorney fees can be a flat fee or hourly for probate work in other states.
In California the fee is referred to as “statutory fee.” It is an amount that is a percentage of the total value of the assets that will go through probate. The same statutory fee is awarded to the person that is appointed the personal representative as the Executor or Administrator of the San Diego Probate. These are the current rates:
- 4% of the first $100,000 of the gross value of the probate estate
- 3% of the next $100,000
- 2% of the next $800,000
- 1% of the next $9 million
- .5% of the next $15 million
When the San Diego decedent has left a will, the executor named in the will should begin the process. If the San Diego decedent did not leave a will, or the person named as the Executor by the decedent is unable or unwilling to handle the San Diego probate, then the San Diego Probate Court typically appoints a family member as the Administrator of the estate.
A San Diego probate can easily take six months to a year. Through that time there will be a lot of paperwork and many steps to complete. Including the assets ie. the personal property and the decedents San Diego home. In my experience, most personal representatives work with a San Diego Probate Attorney. Having the guidance of a skilled Attorney can make the process simpler.
Another important task for the San Diego Executor or Administrator responsible for a San Diego Probate is to keep the assets safe. The house must be maintained and insured, plus the personal property must be safeguarded from damage or theft. This is where my team and I can help. At Horizon Real Estate, we give you a hand with the house. We are passionate about what we do to help the San Diego Executor or Administrator. From helping with distributing the personal property, to preparing, marketing and the successful/profitable sale of the San Diego Probate house; we’ve helped hundreds of personal representative’s and we know what it takes.
A San Diego Probate can be overwhelming for the Executor or Administrator, but the good news it that it doesn’t have to be. Having the right people, with the right skills is an important factor in simplifying the process. Call us at 619-741-0111 to talk about how we can help!
For more information, visit:
http://www.nolo.com/legal-encyclopedia/california-probate-an-overview.html
