Question 34

How does the cost of getting a trust compare to statutory probate fees?

Statutory probate feesare 4% of the first $100,000 of the estate, 3% of the next $100,000, 2% of the next $800,000, 1% of the next $9,000,000, and one-half % of the next $15,000,000. For an estate larger than $25,000,000, the court will determine the feefor the amount that is greater than $25,000,000. The cost would all depend on the estate vs. the initial flat-rate cost of a trust.