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Our
Fees
Florida has two kinds of administration -- summary and
formal. Summary administration is faster and cheaper, but
only works in Florida if the decedent died more than two
years ago OR
(1) the non-exempt assets of the estate do not exceed
$75,000 (remember, in Florida one’s homestead is an “exempt”
asset, so summary administration can work even with a $1
million homestead); and
(2) there are no unpaid creditors or disputes with
creditors or beneficiaries; and
(3) the wording of the Last Will or other circumstances
(such as an heir whose whereabouts are unknown) do not
require an executor (personal representative) to be
appointed.
There are situations in which summary administration is
not possible or not practical. However, when it is
available, it is relatively fast and much less expensive.
Statewide Probate charges a flat fee for summary
administrations, which varies from $1,100 to $2,100
depending upon the facts. Our flat fee includes the cost of
the filing fee, recording fee, and the normal costs of long
distance, postage, copying, etc. Any special charges such as
overnight delivery are not included, and if expedited
service is needed for a real estate closing or other
urgency, our fees may be higher, depending on the deadlines
imposed.
Estates which are not suitable for summary
administration must be handled through "formal
administration." Statewide Probate charges fees in formal
administrations based on the hours our attorneys and
paralegals work on the file, which are the actual hours
worked (billed in tenths of an hour) or a flat fee based on
the expected work demanded in a file. Currently our hourly
rates are $165 - 250/hr for attorneys and $90 - 100/hr for
paralegals.
In all cases we can give our clients a written fee
agreement, stating the flat fee or giving an estimate of the
fees before we begin, once we receive a description of the
kind of property involved and the complexity of the
distribution. We do not base our fees solely on a percentage
of the estate value. While that is allowed by Florida law,
our firm believes that in some estates this is not fair or
reasonable to the consumer, the client. A million-dollar
estate consisting of liquid funds should not be paying its
attorneys a fee of $30,000, in our opinion. Value alone
should not determine the legal fees – the work required
should.
Taxable estates which must file Form 706 returns to IRS
will require more legal assistance, and certainly more fees
will be charged by the estate’s tax consultant.
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