The average cost of probate can vary significantly depending on the size and complexity of the estate, as well as the specific circumstances of the case. In general, the cost of probate can range from a few thousand dollars to more than $20,000 or more, with the average cost falling somewhere in the middle.
Some of the factors that can affect the cost of probate include:
The size of the estate: A larger estate is likely to have more assets that need to be valued and distributed, which can increase the cost of probate.
The complexity of the estate: An estate with multiple beneficiaries, multiple properties, or a large number of debts may be more complex and take longer to probate, resulting in higher costs.
The presence of disputes: If there are disputes over the distribution of the estate or the validity of the will, it can take longer to resolve these issues and complete the probate process, resulting in higher legal fees.
The attorney's fees: Attorneys' fees are typically a significant part of the cost of probate. These fees can vary based on the complexity of the case and the hourly rate of the attorney.
Court costs: There may be fees associated with filing documents and other paperwork with the court during the probate process.
Other costs: There may be other costs associated with probate, such as the cost of hiring an appraiser to value the estate's assets or the cost of hiring a real estate agent to sell property.
During probate, there are several concerns that you may have, with our experienced team we are here to help. Contact us today!
