about how much does it cost for an attny in cook county, IL, to :
1) open or file a will in probate court?
2) execute the last will?
estimated value of the estate in cook county, IL is
$48,000 cds
$300,000 house
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estimated cost for an attny to do a will in cook cty, IL?
(4 posts)-
Posted 4 years ago #
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test
Posted 4 years ago # -
To open a probate proceeding in Cook County, you will incur attorney fees and costs.
Fees will include a court filing fee and a fee to publish a notice to creditors of the decedent; these costs are approximately $525.
Attorneys generally charge hourly fees, rather than a flat rate fee, for probate estates. The hourly rates charged by probate attorneys vary depending on the attorney and his/her experience. A general estimate of the number of attorney hours required to perform the work involved with probating an estate with the assets (excluding the sale of the real estate sale if it is to be sold) you describe would be 15 to 20 hours. A ballpark estimate of the fees to probate the assets you describe would be $4,000-$5,000.
The cost to have a will drawn up for an individual varies greatly, depending on the terms of the will, whether minors or disabled persons are beneficiaries, whether a trust is more appropriate than a will, the value and types of assets involved, etc. The cost can range from $750 to several $1,000's. What documents are appropriate for an individual can only be determined after an attorney is consulted. Many attorneys will have an initial consultation (many times at no charge) to discuss your estate planning needs in greater detail and then determine the planning appropriate for you and the fee for that planning. You should consult with a few attorneys and determine who you would like to work with in this important planning process and then determine the fee for your exact situation.
Posted 4 years ago # -
Thank you for that reply. Another question: do you have an idea , ballpark, again, of what it would cost (attny and court fees), to re-title the property noted above removing the mother and father's names to the three children's names listed in the will of the recently deceased mother, given the following facts:
home is clear of liens and free of mortgage.
Title is in two names, in joint tenancy, both of which names are of mother and dad who are deceased; the father died twenty yrs ago, the mother just passed away and gave the house to the three children in her will. The house is not going to be sold, just re-titled.thanks for the rough ideas for us to consider.
Posted 4 years ago #