If you are looking to hire a probate lawyer, then you need to find out how much choosing such a professional will cost you. It is important for you to understand the fact that the price of selecting this type of professional is not the same in every area.
Every province or state has its own set of rules and guidelines, with regard to the transfer of the property after the death of the owner. The price of the lawyer will likely depend upon the requirements set forth by each particular state.
Here are some key considerations to make when determining how much it will cost to hire a lawyer:
The size and the location of the estate are going to be two major factors when determining the cost of hiring a probate attorney. However, the average cost of hiring a probate lawyer if the estate’s size is standard is approximately $1,500.
This price is not written in stone, however, and it may well depend upon the details involved in the distribution of the assets of the deceased. Likewise, the probate lawyers have to conduct investigative searches during the course of their work. All of these factors determine the total cost that you will have to pay as a client.
If you are planning to hire a sole professional for probate work, then the price will be calculated differently than if you choose a law firm to handle the probate business for you.
A probate attorney will charge a flat fee if the case is simple and straightforward. On the other hand, a law firm may charge you per billable hour. This is an important aspect to consider when choosing someone handle probate work for you.
The price of a probate attorney will also depend on whether the case is testate and intestate. A testate estate means that the deceased has left a will. This will reduce the price you will have to pay your legal practitioner, because the will offers a clear guideline for the distribution of the property. The legal practitioner will know who the representative is and how the estate is to be distributed.
In case there is no will on record then the estate is considered intestate and there are some additional costs involved as the lawyer and the judge need to perform more work in this case. The total price may also include the expenses of searching for people and figuring out the share of each descendant.
When it comes to choosing a reputable attorney, it is imperative to seek the guidance and support of people who have successfully handled such cases in the past. They will give you a clear idea of how much they paid to their lawyer, depending on the nature of their particular case. Your friends and family members would be your best guide in this matter.
Thus, you ought to consider all of these factors when determining how much it will cost to hire a probate lawyer in Singapore. These considerations will allow you to make an informed decision.