The average cost of probating an estate in Florida can vary significantly depending on several factors, including the complexity of the estate, the value of the assets, whether there are disputes among the heirs, and the type of probate process required. It is common for total probate costs to range between 3% to 7% or more of the total estate value.
Here's a breakdown of the costs involved:
Court Fees: There are filing fees associated with opening the probate estate, which can range from a few hundred to several hundred dollars, depending on the size and complexity of the estate.
Attorney's Fees: Depending on the circumstances, attorneys may charge an hourly rate or a percentage of an estate (Florida Statutes §733.6171). This fee can range from 3% for estates worth up to $1 million to 1.5% or less for larger estates.
Personal Representative's Fees: Personal representatives (executors) are also entitled to be paid for their services under Florida law. This fee may also be based on a percentage of the estate's value, similar to attorney's fees.
Other Costs: These can include publishing notices to creditors, appraisals, accounting, tax preparation, and other miscellaneous expenses.
Every estate is unique, and the costs can be lower or higher depending on various factors. It is recommended to consult with a probate attorney to get a more accurate estimate for a specific case.
Published: May 13, 2023
Updated: Dec 8, 2023
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