Probate can be fast and inexpensive in a few cases:
* where the decedent's assets are under $100,000, there is no real property in the estate, and there is no claim by Med-Cal
* where a surviving spouse inherits all assets and there are no child beneficiaries
In most other cases, probate can be a lengthy process. Fees in probate are paid out of the decedent's estate and not by the family. They are based on the size of the estate and include:
* Attorneys Fee
* Filing Fee
* Bond premium.
The attorney's fee is calculated according to the California Probate Code which provides for the following fee: 4% of the first $100,000; 3% of the second $100,000; 2% of the next $800,000; and 1% of the next $9,000,000.
The filing fee is also calculated by the California Codes and varies from $320 for an estate under $250,000 to $3,315 for an estate of $2.5 to $3.5 million. Larger estates include 0.2% of the estate value over $3.5 million.
The bond premium is usually about 0.25% of the estate per year and may be avoided if bond is waived in a will.
On average, probates take 16 months. However, uncomplicated probates with few debts, adult beneficiaries and no fighting can conclude in as little as 6 months, depending upon the court calendar. Complicated probates can last for years.
Ventura County Superior Court http://courts.countyofventura.org/
Los Angeles County Superior Court http://www.lasuperiorcourt.org/