These are example of statutory fees (attorney and executor) plus approximate court costs Q. What is the gross value of the estate?
A. The gross value of the estate is the fair market value of the estate before the debts are paid. For example, if a $200,000 home is left to a child by a parent in a Will, in order to probate the will the estate will have to pay probate fees of approximately $15,000. This is the case even if there is a $180,000 mortgage against that home, because the fee is based on full fair market value before paying off the mortgage. This rule can cause a severe hardship to many estates.
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