What to Know About Missouri’s Probate Fees

Understanding Missouri’s probate fees is essential for anyone navigating the estate settlement process. Probate can often feel overwhelming, especially when it comes to financial obligations. In Missouri, these fees can vary depending on several factors, including the size of the estate and the complexity of the assets involved.

Probate fees in Missouri typically encompass a variety of costs, including court fees, attorney fees, and executor fees. These fees are often based on a percentage of the estate’s value, as well as the specific services provided.

Court Fees

Court fees in Missouri are generally standardized. For instance, the initial filing fee to open a probate case can range from around $200 to $500, depending on the county. Additional fees may apply for various motions or filings throughout the probate process. It’s important to check with the local probate court for the exact fee structure applicable in your jurisdiction.

Attorney Fees

Legal representation is often advisable during the probate process, and attorney fees can add up quickly. In Missouri, attorneys may charge fees based on an hourly rate or a flat fee structure. However, many attorneys also follow a statutory fee schedule that allows them to receive a percentage of the estate's total value, typically ranging from 3% to 5% for estates valued at under $1 million.

Executor Fees

The executor — or personal representative — of the estate is entitled to compensation for their role in administering the estate. In Missouri, this fee is typically set at 5% of the first $5,000 of the estate's value, 4% on the next $20,000, 3% on the next $75,000, and lower percentages on values exceeding that amount. This can add a significant cost to the overall probate process.

Additional Costs

Beyond the basic court, attorney, and executor fees, there can be other costs involved in the probate process. These may include fees for appraisals of estate property, filing fees for real estate deeds, publication fees for notifying creditors, and costs for estate tax filings. All these can collectively impact the amount an estate will spend during probate.

When to Consider Alternatives

Given the various fees associated with probate in Missouri, many individuals explore alternatives, such as living trusts, to avoid the probate process altogether. Trusts can provide a more streamlined process, potentially saving both time and money.

Conclusion

When planning an estate or dealing with probate in Missouri, understanding the fee structure is vital. Being informed can help you budget for these expenses and avoid unexpected costs. Consulting with a qualified attorney ensures that you have a clear understanding of all potential fees and can navigate the probate process with confidence.