WebJul 12, 2024 · Compensation for ordinary services is based on the value of the estate. Below are the rates outlined by the relevant statute. A personal representative is compensated: At the rate of 3 percent for the first $1 million in estate assets. At the rate of 2.5 percent for all above $1 million and not exceeding $5 million in estate assets. WebJan 6, 2024 · A commission is presumed to be reasonable compensation for a Florida personal representative pursuant to Fla. Stat. § 733.617 (2), as follows: 2% for all above $5 million and not exceeding $10 million; and, 1.5% for all above $10 million. In addition, under Fla. Stat. § 733.617 (3) a personal representative shall be permitted further ...

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WebYou’re right to be concerned. Attorney fees in Florida can be the largest expense in the entire probate process. In fact, the state is one of just a handful that sets statutory fees based on the value of an estate. Fees can range from $1,500 to anywhere from one to three percent of the value, from $100,000 to $10M. WebMar 12, 2024 · (5) If the probate estate’s compensable value is $100,000 or more, and there are two representatives, each personal representative is entitled to the full commission allowed to a sole personal representative. If there are more than two personal … diabetes and thyroid center fw

What is the Cost of Probate in Florida? (Estate Lawyer …

WebFor example, there are retirement accounts and bank accounts totaling $250,000, the homestead property with a fair market value of $200,000, and a rental property with a fair … WebJan 15, 2024 · The Florida probate statute that governs personal representative fees in Florida is Section 733.617, which allows a … WebFeb 20, 2024 · In family based estates, sometimes the personal representative will elect to waive their fees. The statutory fee is based upon a graduated scale of the assets in the … diabetes and thyroid center of ft worth