Gulf County Probate - Probate in Florida
If you are probating an estate in the state of Florida, then you have likely already come across the law that requires you to retain the services and advice of a probate lawyer to get you through the process. This can actually be a wonderful thing, since your probate lawyer will be able to help you with every step of the process and every detail of probate without your having to look any of it up yourself.
Your probate lawyer will help you to navigate the tricky waters of the probate system without every needing to read a legal text or look up an obscure facet of the probate law yourself, and will explain things to you should you ever become confused about the process itself or the course that you are taking to get through probate.
In the state of Florida, probate can take anywhere from six months to several years depending on the speed at which you and you attorney work, the taxability of the estate, and the number of complications involved in your case. With a little bit of luck and a great probate lawyer, you will be able to get through the probate process quickly and easily.
If there are contested issues, you will need to hire a Gulf probate lawyer who knows all that there is to know about state probate law in Florida, and will also understand local laws and regulations that might confuse a lawyer from out of area. This will help them and you move quickly through probate, closing your case as quickly as possible.
It might seem like a cumbersome law to follow if you think that you can navigate probate by yourself, but keep in mind that probate law varies not just from state to state but also from county to county within each state. A probate lawyer will save you money just by virtue of saving you time and energy on the search for the correct laws and regulations that must be followed to avoid penalty.
The fees for a Florida probate attorney are usually based on Florida Statutes Section 733.6171, which states:
733.6171 Compensation of attorney for the personal representative -
(1) Attorneys for personal representatives shall be entitled to reasonable compensation payable from the estate assets without court order.
(2) The attorney, the personal representative, and persona bearing the impact of the compensation may agree to compensation determined in a different manner than provided in this section if the manner is disclosed to the parties bearing the impact of the compensation and if no objection is made as provided for in the Florida Probate Rules.
(3) Compensation for ordinary services of attorneys in formal estate administration is presumed to be reasonable if based on the compensable value of the estate, which is the inventory value of the probate estate assets and the income earned by the estate during the administration as provided in the following schedule:
(a) One thousand five hundred dollars for estates having a value of $40,000 or less
(b) An additional $750 for estates having a value of more than $40,000, but not exceeding $70,000.
(c) An additional $750 for estates having a value of more than $70,000 and not exceeding $100,000.
(d) For estates having a value in excess of $100,000, at the rate of 3 percent on the next $900,000.
(e) At the rate of 2.5 percent for all above $1 million and not exceeding $3 million.
(f) At the rate of 2 percent for all above $3 million and not exceeding $5 million.
(g) At the rate of 1.5 percent for all above $5 million and not exceeding $10 million
(h) At a rate of 1 percent for all above $10 million.
You will not regret hiring a local lawyer to help you probate your loved one's estate, as your probate lawyer will help you get through the ordeal quickly and as painlessly as can be. Speak to a Gulf County Probate Lawyer today!
