Reasonable probate attorney fees
According to Florida law, section 733.6171(3) the following fee structure below is the guideline for a reasonable attorney fee:
- For estates of $40,000 or less: $1,500
- For estates between $40,000 and $70,000: $2,250
- For estates between $70,000 and $100,000: $3,000
- For estates between $100,000 and $900,000: 3% of the estate’s value
- For estates between $1 million and $3 million: 2.5% of the estate’s value
- For estates between $3 million and $5 million: 2% of the estate’s value
- For estates between $5 million and $10 million: 1.5% of the estate’s value
- For estates of $10 million and above: 1% of the estate’s value
Example 1:
if you are an executor probating an estate worth $1,500,000 - here’s how the reasonable attorney fees are calculated:
Estate value: $1,500,000
First $100,000 - $3,000.
Remaining estate value: $1,400,000
Next $900,000 - $27,000
900,000 x 0.03 = 27,000
Remaining estate value: $500,000
500,000 x 0.025 = $12,500
Last 500,000 - $12,500
Total:
+27000
+12500
+3000
= $42,500
For an estate worth $1,500,000 probate attorneys in Florida are entitled to charge $42,500 for their estate settlement fees.
Example 2:
If you are an executor of an estate worth $700,000 - here is how you will calculate a reasonable attorney fee:
Estate value: $700,000
First $100,000 - $3,000.
Remaining estate value: $600,000
Last 600,000 x 0.03 = $18,000
Total:
+18000
+3000
= $21,000
For an estate worth $700,000 probate attorneys in Florida are entitled to charge $21,000 for their estate settlement fees.
As you can see, the number of reasonable attorney fees will vary depending on the estate's value. If you have any questions about how to calculate reasonable attorney fees for your particular situation, it is best to consult with an experienced probate lawyer.