Probate is a court-supervised procedure where assets are collected, appraised, and distributed to beneficiaries, and during which a personal representative is appointed by the court. Probate fees for the attorney and personal representative are set by the court, and are based on a percentage of the gross probate estate. We advise estates on all aspects of probate legal proceedings.
Trust administration is very similar to probate, except that a trustee oversees the appraisal, estate accounting, and distribution of assets without significant court oversight. However, this does not mean that the courts will be completely uninvolved during trust administration, particularly if the trust has not been fully funded. Fees are based on the instructions in the trust or by law. Our office advises successor trustees on all aspects of trust administration.
Please call us at 650.329.9500 if you would like more information.