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A TEN PERCENT PROBATE FEE

SOURCE: THE PRINCE WILLIAM (VIRGINIA) COUNTY JOURNAL

This local newspaper carried this story.

An attorney had charged a one hundred thousand dollar ($100,000.00) probate fee to change the deed on a tract of land from the decedent to her daughters. The land value was about one million dollars.

So, his fee amounted to ten percent of the estate.

Because changing a deed is done in a matter of minutes, usually by an attorney's clerical staff, the family contended that the $100,000.00 fee was excessive.

In his reply to the family's complaint, he admitted that Virginia law specifies that five percent is a reasonable fee when the estate is not difficult to probate. "But," he added, "when told that the five percent fee is normal, Mrs. ______________specifically requested that I charge a ten percent fee."

Anybody want to buy a bridge?

See also, Probate


Unless otherwise stated square footage and lot dimensions appearing herein are derived from county records and may or may not be accurate.
If square footage is material to a transaction a survey or other measurement is recommended. This information deemed reliable but not guaranteed. Current or previous year’s taxes may not accurately forecast future property taxes. Property taxes can increase from one year to the next for various reasons.

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