I was quoted a fee of either $125 per/hour and 30 of the assets or $75 per/hour and 40 of the assests for handling my mother's estate. Are...

Question

I was quoted a fee of either $125 per/hour and 30% of the assets or $75 per/hour and 40% of the assests for handling my mother's estate. Are these the standard rates? They seem too high. This is in New York.

Answer

General rates are in the 4-6% range. Why dont you get a second (and a third) opinion?

Answer

Rates run from 3 to 6% of gross estate plus court costs. Call me should you need a referral.