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    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #21

    Oct 23, 2013, 09:45 AM
    Quote Originally Posted by AK lawyer View Post
    On the other hand, it is a bad contract. Either re-negotiate the contract or get another attorney.
    Do you think so? 3% of the first $900K of the estate assets + expenses, doesn't seem that bad to me.

    But yes I agree that all income and expenditures need to be processed through the estate accounts.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #22

    Oct 23, 2013, 09:53 AM
    Quote Originally Posted by ScottGem View Post
    Do you think so? 3% of the first 0K of the estate assets + expenses, doesn't seem that bad to me. ....
    Depends on how complicated the probate is, but yes.

    $27 K is a lot of money for (for example) a few hours of work. Many attorneys hire paralegals to do the bookkeeping, etc.

    That is why OP should negotiate an hourly rate.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #23

    Oct 23, 2013, 10:57 AM
    Quote Originally Posted by AK lawyer View Post
    Depends on how complicated the probate is, but yes.

    K is a lot of money for (for example) a few hours of work. Many attorneys hire paralegals to do the bookkeeping, etc.

    That is why OP should negotiate an hourly rate.
    I'm not so sure because this does appear to be a pretty complex estate with some properties owned by legal entities, some owned directly be the deceased, no will, etc.

    Besides which a contract has already been entered into and I'm not sure how good an idea it would be to rewrite it at this time.
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