A tool designed for use in California estimates the statutory fees required during the probate process. These fees, based on the value of the decedent’s estate, are payable to the court and cover administrative costs associated with handling the estate. For example, an estate valued at $500,000 would incur specific, calculable fees different from an estate valued at $1 million.
Accurate estimation of these expenses is crucial for estate planning and administration. Providing a clear projection of costs benefits both personal representatives and beneficiaries, allowing for informed financial decisions and minimizing potential disputes. Historically, determining these fees involved manual calculations using statutory rates. Modern tools simplify and streamline this process, offering greater transparency and accessibility.
