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NC Iowa | I am not a lawyer, and it has been a while, so I am not sure, but I think the estate attorney and the executor are each allowed 3% of what goes through probate. that 3% is taxable income to you. If goes through estate it is not taxable income. On a large easy estate, some lawyers may agree to accept less if they think they have to. it is hard to shop around, but could be worth your time.
POD accounts don't go through probate, so the fee doesn't apply to them. Some attorneys will try to sneak them in, so watch that. I would think the llc would be exempt, but I can't say for sure. Probate fees are their paycheck. | |
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