How is an estate attorney paid in New Jersey for probate services?
Posted on Wed Oct 14, 2015, on Fees
From our “Ask a Question” Mailbag: New Jersey Probate Attorney Fees
Most Recently Updated July 22, 2018.
“My mother named me the Personal Representative of her estate. I am happy to serve, but I have a family and a job, so I just don’t have the time to do all the work. I want to hire an estate attorney to help me, but I am unclear as to how they are paid. Do I have to pay the attorney from my own money?”
New Jersey Probate Attorney Fees
Every Personal Representative in New Jersey has the right to hire an attorney to assist them. These attorneys are paid out of the estate’s funds, not out of the Personal Representative’s pocket. An experienced probate lawyer will have a staff available to economically help you with the probate process, the sale of estate assets and protecting you from personal liability. The fee agreement with your probate attorney can be either an hourly fee or a percentage of the estate. We charge an hourly rate rather than a percentage of the estate, which I find to be fairer than taking a percentage. (I find that a percentage is always either too large or too small.)
More Probate Questions?
Paying for a probate attorney is only part of the overall probate process. By all means, if you wish to learn more, please read my more detailed article, The Probate Process All You Need to Know.
In Conclusion: New Jersey Probate Attorney Fees
I hope that this article was helpful in explaining how a probate attorney is paid. Further, I included links to even more detailed information on my website. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!
Let our Probate Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced Probate Attorneys. By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!
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