Section 6171 of Chapter 733 of 2019 Florida Statutes prescribes compensation costs for Florida probate attorneys under the purview of ordinary services. It states that for an estate valued at $40,000 or less, a Florida-based attorney would be entitled to $1500.
Similarly, for estates valued between $40,000 and $70,000, an additional fee of $750 can be charged by the probate attorney while for the estate value slab of $70,000 to $1,00,000 – another additional $750 shall be charged.
You can be charged at the rate of 3% in case For estates valued at more than $1,00,000 but less than $3,00,000, fees shall be charged at the rate of 2.5%, followed by 2% charges for the estate value slab of $3,00,000 to $5,00,000, 1.5% charges for the estates valued between $5,00,000 to $10,00,000 and 1% rate of charge for estates exceeding the value of $10,00,000.
Under the category of extraordinary services, Florida probate attorneys are entitled to be compensated for various types of additional services which may include wills, claims, certain proceedings like tax-related proceedings or advise, audit-related representation, involvement in property-related purchase, sale, lease and the likes, other kinds of responsibilities, representations, advisory services and other miscellaneous factors for which the attorney must be compensated.
Depending on your probate attorney’s preferred method of charging, you can be charged either on an hourly basis, with a flat fee or on the basis of the percentage of the value of your estate.