Most every one who owns real estate should seriously consider a living, revocable trust. In its simplest form the living, revocable trust usually acts as a will substitute. Though the trust is “living”, in other words, property is actually transferred to it during the owner’s lifetime, it usually has no significance until the owner dies. It is in your best interest to hold that property in the name of a revocable living trust so that you can avoid probate.
Statutory Probate Fee Schedule in California Gross Asset Value Statutory Fees
$100,000 $4,000 x 2 = $8,000
$200,000 $7,000 x 2 = $14,000
$300,000 $9,000 x 2 = $18,000
$400,000 $11,000 x 2 = $22,000
$500,000 $13,000 x 2 = $26,000 $600,000 $15,000 x 2 = $30,000
$700,000 $17,000 x 2 = $34,000
$800,000 $19,000 x 2 = $38,000
$900,000 $21,000 x 2 = $42,000
$1,000,000 $23,000 x 2 = $46,000
$1,500,000
$28,000 x 2 = $56,000
$2,000,000 $33,000 x 2 = $66,000$3,000,000 $43,000 x 2 = $86,000