Thursday, August 21, 2014

Probate Lawyers in Idaho

Just how much should a probate attorney cost, is a often raised concern after a person passes away, The answer can change depending on where a probate must be filed and what process or procedures


ought to be performed. Most often the personal representative (PR) or executor of the estate will employ a attorney to address the complete probate case. Even so, they can ask a attorney to assist with only part of it. Compensation for a attorney ought to come from the estate assets and not personally from the PR. Legal expenses should come out in advance of when heirs or beneficiaries receive any assets.

Generally there are several types of payment arrangements for probate. Attorneys usually use one of three standard methods to charge for probate work: by the hour, a flat fee, or a percentage of the value of the estate assets. Most probate lawyers bill clients by the hour. The hourly fee will depend on how much expertise and training the lawyer has, where you reside, and whether the attorney practices in a big law firm or a smaller sized one. Small town charges may be as low as $140/hour; in a city, a rate of less than $200/hour would likely be unusual.

Large law firms generally demand more costly rates than sole practitioners or small firms, unless a small firm is made up entirely of hot-shot specialists. A legal professional who does nothing but estate planning and probate will likely charge a higher hourly rate than a general practitioner. The advantage to you is that a professional should certainly be more proficient. Someone who has steered many probates through the local court has probably mastered all the local policies and how to prepare and file documents the way the court wants them. Some lawyers charge their probate clients a flat fee. That way, they don’t have to keep down-to-the-minute records of exactly how they spend their time. Since they have a very good idea of how long an average probate will probably take, they can ask for a fee that will be near to what they would receive if they charged by the hour. If you’re billed this way, you don’t have to be concerned about running up the charge every time you need to ask a question of the lawyer.

It can be a much more comfortable experience. In the event that you consent to pay a flat fee for legal work, make sure you understand what it does and does not include. For instance, you may still have to pay separate court filing costs, fees to record documents, or appraiser’s fees. In a few states, attorneys may yet require a fee equal to a percentage of the estate. In nearly all cases this will probably result in the estate forking over more funds to the lawyer than if they charged on one of the alternative methods. You can and should try to negotiate an hourly rate or flat fee with the lawyer.

Tuesday, August 5, 2014

Idaho Probate Procedures

Probate in Idaho is the process of taking care of a person's estate when they pass away.  There are different procedures available for different purposes.  In some cases probate may not be necessary and in others it is.  If you'd like free answers to questions about Idaho probate give Attorney Robert Montgomery a call.  He's always happy to visit with you and answer your questions.  You can ask things like what is a personal representative or executor or executor and what are their duties.



Or questions about the cost of probate or how does probate court work and many more. Any question is OK so call today. http://youtu.be/Aff6w49Sa9c