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Klenk Law

Serving as an executor of an estate is a time-consuming and arduous task. In addition to the emotional strength required, the executor must be able to quickly digest numerous laws and responsibilities enforced by various bureaucracies and institutions. It’s a monumental task in a foreign field. Fortunately, there is help.

Along with accepting compensation for serving in the role, an executor is strongly encouraged to hire a probate attorney. An experienced probate attorney guides an executor through the process, becomes responsible for most of the difficult tasks, and helps ensure the executor satisfies all of their fiduciary responsibilities.

Probate attorney’s fees in New Jersey are paid out of the estate funds. New Jersey has not applied a statutory formula to the calculation of a probate attorney’s fees. In fact, some judges have suggested attorney’s fees based on a percentage of the estate cannot be imposed. Ultimately, in New Jersey, an appropriate estate attorney’s fee must be “reasonable” based on a multitude of factors.

Factors Used to Determine Reasonable Probate Attorney Fees in New Jersey

The factors that a judge will look at to determine whether or not an estate attorney’s fees are reasonable or unreasonable include:

  1. the amount of the estate and the amount thereof in dispute or jeopardy as to which professional services were made necessary;
  2. the nature and extent of the jeopardy or risk involved or incurred;
  3. the nature, extent, and difficulty of the services rendered;
  4. the experience and legal knowledge required, and the skill, diligence, ability and judgment shown;
  5. the time necessarily spent by the attorney in the performance of his services;
  6. the results obtained;
  7. the benefits or advantages resulting to the estate, and their importance;
  8. any special circumstances, including the standing of the attorney for integrity and skill; and
  9. the overhead expense to which the attorney has been put.

In re Bloomer’s Estate, 117 A.2d 17, 21-22 (App. Div. 1955).

As you can see, various factors influence the propriety of a probate attorney’s fees. A reasonable probate attorney’s fee should be mutually agreed to by the executor and attorney based on the division of work, nature of the estate and experience of the attorney. We will update our blog with examples of cases where probate attorney fees in New Jersey have been challenged and upheld—or reduced—as we find them!

If you have questions about probate fees in New Jersey or any other estate planning concerns contact our office for a free consultation.

What Our clients are saying

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Peter Klenk was great in leading us in the estate planning process.He was clear in describing the various steps and what they would accomplish. We were well satisfied and pleased that we had Peter to guide us.

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Peter came highly recommended by a close friend to do our estate planning. We have been putting off for years. He is knowledgeable, professional and easy to work with.

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When it came down to picking the right attorney to handle my affairs, I knew right away it was this firm. From speaking to their secretary to speaking to Peter I knew I was making the right decision. After only a few mins Peter knew right away what I was looking for and handled all my questions professionally and even gave me great feedback that put my mind at ease. All that without even giving a single penny! So of course I hired him! So far so good...

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Stars

You & your staff are the best thank you for everything.

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Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.

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