Probate Real Estate Agent in Newport Beach, CA
Paula Aragone represents executors, administrators and personal representatives selling Newport Beach property through the Orange County probate court, from the line on the Letters that decides whether there is a hearing at all to the dock permit the referee should have been told about.
A probate sale is a sale by the personal representative acting under Letters issued by the court, and one line on those Letters decides everything else. Full authority under the Independent Administration of Estates Act triggers Probate Code 10503, which removes the court confirmation requirements from the sale, so there is no hearing and no overbid, only a Notice of Proposed Action. Limited authority under Probate Code 10403 withholds four real property powers, and the full court track applies.
| Who signs | The personal representative named in the Letters |
|---|---|
| The line that decides everything | Full or limited authority, Probate Code 10402 and 10403 |
| Full authority | Probate Code 10503. No confirmation hearing, no overbid. |
| Notice of Proposed Action | Not less than 15 days before the date specified, 10586 |
| The 90 percent rule | Probate Code 10309(a), measured against the referee appraisal |
| The Newport item | A pier or dock permit is estate property and belongs in the appraisal |
What the Probate Referee Has to Be Told About a Harbour Parcel
The referee's number is the document the whole court track is built on. In a harbour city it is also the document most likely to describe less than the estate actually owns.
The personal representative does not choose the appraiser. Under Probate Code 8920 the referee is appointed from the State Controller's list, and under 8961 the commission is one tenth of one percent of the value appraised plus actual and necessary expenses, with a floor of 75 dollars and a ceiling of 10,000 dollars per estate under 8963. Orange County states the referee should return the appraisal within 60 days. It is a modest cost for a number that later sets the floor on every offer.
In Newport Beach the parcel is rarely the whole asset. A pier and dock permit is a separately permitted right that the city transfers on its own track: an inspection, a deficiency letter where the pier fails, a reinspection after correction, and a transfer application signed by seller, buyer and any joint permittee, with signatures due at close of escrow. Community docks and slips at Lido Isle, Beacon Bay, Bayshores and Balboa Coves sit in association hands rather than the owner's, and Beacon Bay's ground lease history changes what is being conveyed at all.
None of that reaches the referee unless somebody sends it. A representative who supplies a street address and a copy of the deed will be given a competent appraisal of a house. The water, the permit, the slip and the association interest have to be described before they can be valued, and the four month clock in Probate Code 8800 for filing the inventory and appraisal is running while nobody does it.
The consequence is arithmetic, not opinion. Probate Code 10309(a) allows the court to confirm a private sale only where the property was appraised within one year prior to the confirmation hearing, the valuation date is within that year, and the sum offered is at least 90 percent of the appraised value. An appraisal that never accounted for the dock produces a floor lower than the estate deserves, and the beneficiaries are entitled to ask why the court confirmed at that number.
The error runs the other way as well. An appraisal set too high leaves no offer able to reach 90 percent, and the sale cannot be confirmed at all. The estate then carries the property, its insurance and its maintenance while a new appraisal or a new marketing period is arranged. Both failures come from the same cause, which is a referee working from an incomplete description.
One distinction is worth holding onto, because it is the one most often conflated. The 90 percent floor is measured against the referee's appraisal. The overbid increment under Probate Code 10311(a) is measured against the accepted bid. Two different baselines, and a representative who treats them as one will price the listing wrong in one direction and brief the family wrong in the other.
How a Probate Property Sale Works in Newport Beach
This is the personal representative's sequence, in the order the court and the city actually impose it. The two steps that get taken late, reading the authority granted and describing the whole parcel to the referee, are the two that later cost a hearing date.
Read the Letters and find the authority line
The Letters state whether authority is full or limited. Probate Code 10402 grants every power under the Independent Administration of Estates Act. Probate Code 10403 withholds four, and each of them is a real property power. Probate Code 10501(b) then requires court supervision for exactly those four. Nothing about the marketing plan can be decided until that line is read.
Inventory the parcel and the dock, then hand it to the referee
The referee is appointed from the State Controller's list under Probate Code 8920 and paid one tenth of one percent of the value appraised plus expenses under 8961, with a 75 dollar floor and a 10,000 dollar ceiling per estate under 8963. Orange County states the appraisal should return within 60 days. Give the referee the association name, the permit numbers and the water, not a street address.
Secure, insure and hold the property through the appraisal
Tell the insurer the house is now unoccupied, because a policy written for an owner occupant may not respond once it is empty. Change the locks, arrange access for the referee and for inspectors, and on a waterfront parcel keep the dock maintained. A pier that fails its inspection in escrow is a repair the estate pays for on the court's calendar, not its own.
Decide the route the authority allows
With full authority the sale proceeds on a Notice of Proposed Action and Probate Code 10503 removes the confirmation requirements. With limited authority the report of sale, the petition, the hearing and the overbid all apply. A representative who wants full authority and does not have it can petition for it, and that is a conversation for the estate's attorney before the listing, not after.
Market it to buyers who can actually close here
Newport Beach buyers routinely pay for a pier condition report, an association document review and a survey before they write. On a court confirmation sale they are spending that money on an offer a stranger can beat in open court. Broad, honest exposure with the terms stated up front is what keeps enough of them at the table to produce a real number.
Serve the Notice of Proposed Action, or file the report and petition
Under full authority the notice goes to each known devisee and heir whose interest would be affected, to anyone who filed a request for special notice, and to the Attorney General where the state's interest is affected, not less than 15 days before the date specified. Under the court track, Probate Code 10308 governs the report of sale and petition for confirmation, and title does not pass until confirmation.
Attend the hearing, and be ready for an overbid
Orange County examiners review petitions three to four weeks before the hearing, which is when a defect in the file surfaces. At the hearing the property is open to a higher bid under Probate Code 10311(a). The court accepts the highest qualifying offer, may decline to confirm and order a new sale, and may reject a higher bid offered on less favourable credit terms.
Open escrow, and open the harbour permit transfer alongside it
The city inspects the pier, issues a deficiency letter where it fails, reinspects after correction, and requires a transfer application signed by the seller, the buyer and any joint permittee, with signatures due at close of escrow. Turnaround runs five to fifteen working days and a transfer fee applies. Start it at listing, not at the confirmation hearing.
Account, pay and distribute what is left
Probate Code 12200 requires a petition for final distribution or a status report not later than one year after letters, or eighteen months where a federal estate tax return is required. Statutory compensation is then computed for both the representative and the attorney under 10800 and 10810, on the gross value, before the mortgage is subtracted.
Where the Parcel Sits, and What the Referee Needs to See
Each of these neighbourhoods hands the estate a different description to write. These are the ones that come up most often in Newport Beach probate files.
Balboa Peninsula
The peninsula runs ocean on one side and harbour on the other, with the Wedge at its east end. The densest and most rental exposed part of the city, so an estate here commonly holds tenancies and a lodging permit question alongside the parcel.
Peninsula Point
Development began in the early 1920s and 1950s Balboa cottages filled in the gaps, in Cape Cod and Eastern Seaboard styling. Old enough that the referee is appraising systems that predate most of what a buyer's inspector will cite.
Balboa Island, Little Balboa Island and Collins Isle
Dredged into existence between 1908 and 1909, on standard thirty by eighty five foot lots at roughly 17,621 persons per square mile. About eight homes sit on Collins Isle, reached over a one lane bridge.
Lido Isle
Master planned in the 1920s on a former mudflat, roughly 850 homes, community docks, private beaches and a clubhouse. Part of what the estate holds is held through the association, and that has to be described before it can be appraised.
Bay Island
The only island in the harbour with no car access, originating as a duck hunting club, about twenty six bayfronts around common gardens. Establish how ownership is structured before anyone writes it onto an Inventory and Appraisal.
Harbor Island
Roughly thirty to thirty four gated residences on a single road, every property waterfront with one or more docks. The dock is a separate permitted right here, and it belongs in the appraisal rather than in a footnote.
Linda Isle
Formerly Shark Island, brought into the city in 1954 and developed in the 1970s, roughly 106 waterfront lots each with its own dock. Guarded, and consistently two permit files running toward one closing date.
Beacon Bay
Lower bay, with a community dock and slips alongside tennis and basketball. Historically a ground lease community, which decides what the estate actually owns and therefore what the referee is being asked to value.
Promontory Bay
Roughly sixty two custom waterfront homes, every one of them with its own dock. The pier inspection, not the house inspection, is usually what decides whether escrow closes on the date the court was given.
Bayshores
A gated enclave of about 249 homes on the turning basin with private beaches and a children's park. Showings run through the association, which lengthens marketing at the point in a probate where the calendar is tightest.
Dover Shores
Laid out in the 1950s on the west side of the Back Bay, with waterfront homes and private community beaches. Also under the departure path, which belongs in the estate's disclosure file rather than in a doorstep conversation.
Newport Heights and Cliff Haven
Bluff top ground above Pacific Coast Highway, larger lots and older stock, within walking distance of Newport Harbor High. Elevated landslide risk from steep terrain and weathered bedrock is a hazard the estate discloses, not one the buyer discovers.
Eastbluff
Greenbelts and Irvine Company era planning beside the Back Bay bluffs. Long held original ownership is exactly the profile that produces most of the probate files in this part of the city.
Big Canyon
Opened in the early 1970s, gated, on a 414 acre village site across from Newport Center, with sub associations around the country club. Two document packages, and both take time a hearing date does not return.
One Ford Road
Three phases from 1999 to 2002 on the former Ford Aeronutronic site produced 371 homes across Balboa, Carmel, Stonybrook, Summerhouse and Providence, with eight custom homes on Troon Drive, all behind one guard gate.
Harbor View Homes, the Port Streets
A family tract inland of MacArthur feeding Andersen Elementary, and the submarket in this city most driven by schools. Verify the attendance boundary by address, because a buyer who cancels costs the estate a hearing date.
West Newport, Newport Shores and Balboa Coves
The northern end. Newport Shores carries its own community association and Balboa Coves is gated off Pacific Coast Highway with private docks, so two estates a street apart file very different inventories.
Newport Coast
Annexed around 2001 and 2002. Crystal Cove, the Pelican communities, Pacific Ridge, Newport Ridge and Altezza sit under layered master and sub associations, and this is where the special tax exposure and the expanded fire zone both sit.
Six Things That Push a Newport Beach Probate Past Its Hearing Date
Newport Beach, California
None of these are about the market. Each one is a document, a deadline or a permit that was handled after the listing instead of before it.
The Letters said limited authority and nobody read them
The grant is printed on the Letters themselves. Probate Code 10402 gives a representative with full authority every power under the Independent Administration of Estates Act. Probate Code 10403 withholds four, and every one of them is a real property power: sell real property, exchange real property, grant an option to purchase real property, and borrow money secured by an encumbrance on real property.
Probate Code 10501(b) then requires court supervision for exactly those four. A representative who signs a listing agreement expecting to close on a Notice of Proposed Action, and who in fact holds limited authority, has to rebuild the whole calendar around a hearing date and tell the buyer why.
The dock was never described on the Inventory and Appraisal
A pier and dock permit is a permitted right attached to the parcel, with its own city process: an inspection, a deficiency letter where the pier fails, a reinspection after correction, and a transfer application signed by seller, buyer and any joint permittee, with signatures due at close of escrow.
If the referee receives a street address and nothing else, the appraisal describes a house. The 90 percent floor under Probate Code 10309(a) is then measured against a number that never accounted for the water, and that is the first thing a beneficiary's own counsel will notice.
The four month inventory deadline ran while the family decided
Probate Code 8800 requires the inventory and appraisal to be filed within four months after letters are first issued. Orange County states the referee should return the appraisal within 60 days, and the referee cannot begin until the representative supplies the description.
The delay is almost never the referee. It is the weeks between the letters issuing and anyone sending the parcel details, the association name, the dock permit number and the access arrangements. That time comes straight out of the listing period.
The overbid emptied the buyer pool before the hearing
In a court confirmation sale the accepted offer settles nothing. Probate Code 10311(a) allows a higher bid of at least 10 percent more on the first ten thousand dollars of the original bid and 5 percent more on the amount above ten thousand dollars, made in open court.
Buyers who have already paid for a pier condition report, an association document review and an appraisal, and who cannot bid beyond their approval, withdraw rather than attend. In Newport Beach that diligence costs more than usual, so the field narrows before the hearing rather than at it.
The lodging permit lapsed while the estate waited for a date
Municipal Code Chapter 5.95 caps permits at 1,550 citywide, and no new permit has been issued for R-1 single family property since 1 June 2004. A valid permit transfers to a buyer only where a transfer application is filed within 60 days of title transfer to a bona fide purchaser for value.
A probate can run long, and that 60 day window runs from the change of title rather than from the hearing. Nothing about the property looks broken when the permit is lost, which is why nobody notices until it is gone.
Publication was required and nobody arranged it
Probate Code 10300(a) requires the notice of sale to be published under Government Code 6063a, which means at least ten days, three publications, with at least five days intervening between the first and last publication dates, completed before the day specified for the sale.
There are exceptions and they matter. Probate Code 10303 covers a sale the will directs or authorises, 10302 lets the court shorten the period to not less than five days, 10301 applies to property under five thousand dollars, and 10503 exempts a full authority sale entirely. Confirm which applies rather than assuming none does.
Full Authority or Court Confirmation, and What Each Costs
This is not a preference. The Letters usually settle it. But the two routes produce different calendars, different buyers and different risks, and the family should know which one it is on before the sign goes up.
Selling under full authority
Full authority under Probate Code 10402 carries every power the Independent Administration of Estates Act grants, and Probate Code 10503 states that the requirements applicable to court confirmation of sales of real property do not apply to the sale. There is no confirmation hearing, no 90 percent appraisal floor and no courtroom overbid. The representative sells the way any owner sells, and escrow closes without a court date in the middle of it.
What replaces the hearing is notice. Probate Code 10580 to 10592 govern the Notice of Proposed Action, and under 10586 it must be mailed or personally delivered not less than 15 days before the date specified in the notice. Under 10581 it goes to each known devisee whose interest would be affected, each known heir whose interest would be affected, anyone who has filed a request for special notice, and the Attorney General where the state's interest is affected.
That notice can be shortened by agreement. Probate Code 10582 removes the requirement for anyone who consents in writing, and 10583 allows the notice to be waived in writing. Where the family is in agreement, collecting consents before the listing removes fifteen days from the escrow and removes the objection risk with them. The honest downside is that one objection changes everything: under 10587 any recipient can object by delivering or mailing a written objection before the date specified or before the action is taken, whichever is later, and the representative is then back in front of the court after the buyer has already spent money.
Full authority also removes the court, not the city. The pier and dock permit transfer still runs on the harbour department's timetable, a Residential Building Records report still takes as long as it takes, and the short term lodging permit still has to be transferred within 60 days of title transfer. A representative who assumes full authority means a fast escrow, and who has not opened the harbour file, will still miss the date they promised the buyer.
Selling with court confirmation
This is the route where authority is limited under Probate Code 10403, and it is also available where a representative or the estate's attorney prefers the protection of a court order. The referee's appraisal comes first, under Probate Code 8920, at one tenth of one percent of the value appraised plus expenses under 8961, with a floor of 75 dollars and a ceiling of 10,000 dollars per estate under 8963. Orange County states the appraisal should return within 60 days.
Once an offer is accepted the representative files a report of sale and a petition for confirmation under Probate Code 10308, and if it is not filed within 30 days the purchaser may file it. Title does not pass until the court confirms. Under Probate Code 10309(a) the court may confirm a private sale only where the property was appraised within one year prior to the confirmation hearing, the valuation date is within that year, and the sum offered is at least 90 percent of the appraised value.
At the hearing the property is open to a higher bid. Probate Code 10311(a) requires the higher offer to be at least 10 percent more on the first ten thousand dollars of the original bid and 5 percent more on the amount of the original bid in excess of ten thousand dollars. On an accepted bid of 1,000,000 dollars that is 1,000,000 plus 1,000 plus 49,500, so the minimum first overbid is 1,050,500 dollars. The court accepts the highest qualifying offer, may decline to confirm and order a new sale, and may reject a higher bid made on less favourable credit terms. Commissions are excluded from the bid computation.
The honest accounting is that the overbid helps the estate and hurts the buyer, and that changes who is willing to bid. Orange County examiners review the petition three to four weeks before the hearing at the Costa Mesa Justice Complex, so the file has to be right well before the date. A Newport Beach buyer who has paid for a survey, an association review and a pier condition report, and who then watches a stranger raise the price in a courtroom, frequently declines to participate at all. The estate trades a possibly higher number against a smaller and more cautious field.
A Personal Representative Answers to the Court. The Listing Should Make That Easier.
Paula Aragone has worked Orange County transactions for 23 years, across 900+ transactions and $900M+ sold, and she came to real estate after four years of law school. That is the reason probate attorneys send court supervised files here rather than to a general listing agent: the sequence, the deadlines and the language of a confirmation petition are already familiar, so the attorney is not explaining them twice.
She holds the CPRES designation, Certified Probate Real Estate Specialist, and the SRES designation, Seniors Real Estate Specialist. CPRES matters at a court confirmation sale for a practical reason. The marketing does not stop at acceptance, because the property remains open to a bid from the floor, so the listing has to keep producing interest through the petition and up to the hearing. The purchase agreement has to tell the buyer plainly what happens in that courtroom, and the file has to reach the examiner in a form that survives review three to four weeks before the date.
The representative's exposure is a record, not a price. Beneficiaries rarely litigate over a number they were shown. They litigate over a sale that looked arranged: a quiet transaction, a buyer nobody else competed with, an appraisal nobody can reconstruct. Broad exposure, a written record of every offer and a referee who was given a complete description of the parcel are what answer that, and they are the same things the court's own examiner is looking for.
In Newport Beach the additional work is the harbour. The pier and dock permit opens at listing, the Residential Building Records report is ordered early or not at all, the lodging permit transfer window runs from title transfer, and the dock belongs on the Inventory and Appraisal. The honest part is this: none of that guarantees a hearing date holds. Calendars move, examiners raise items, and buyers withdraw. What preparation does is make sure the delay is never the estate's own paperwork.
Probate Sales in Newport Beach, Answered
The questions executors, administrators and personal representatives actually ask, answered for California law and for Newport Beach specifically.
Does this estate need a full probate at all?
The date of death sets it, not the date you file. For deaths on or after 1 April 2025 the affidavit for personal property under Probate Code 13100 and 13101 reaches 208,850 dollars, the petition to determine succession to real property under 13151 to 13154 reaches 750,000 dollars but only for the decedent's California primary residence under AB 2016, and the affidavit for real property of small value under 13200 reaches 69,625 dollars. Anything larger is a full probate or a trust administration. Those figures hold through 31 March 2028.
What is the difference between full and limited authority?
Probate Code 10402 gives a representative with full authority all powers under the Independent Administration of Estates Act. Probate Code 10403 withholds four: sell real property, exchange real property, grant an option to purchase real property, and borrow money secured by an encumbrance on real property. Probate Code 10501(b) requires court supervision for exactly those four. In practice, full authority means no confirmation hearing and no overbid under Probate Code 10503, subject only to the Notice of Proposed Action.
What is a Notice of Proposed Action and who has to receive one?
It is the notice a representative with full authority gives before taking the action, governed by Probate Code 10580 to 10592. Under 10586 it must be mailed or personally delivered not less than 15 days before the date specified in the notice. Under 10581 it goes to each known devisee whose interest would be affected, each known heir whose interest would be affected, anyone who filed a request for special notice, and the Attorney General where the state's interest is affected. Under 10582 it is not required for anyone who consents in writing, and 10583 allows a written waiver.
Can a beneficiary stop a full authority sale?
They can object, and an objection is enough to change the route. Probate Code 10587 lets a person entitled to notice object by delivering or mailing a written objection before the date specified in the notice, or before the action is taken, whichever is later. The representative then has to go to the court rather than proceeding on the notice alone. That is why written consents under 10582 and waivers under 10583, collected before the property is listed, are worth the effort in a family that agrees.
Who appraises the property, and what does the estate pay for it?
Not an appraiser the estate chooses. A probate referee is appointed from the State Controller's list under Probate Code 8920. The commission under 8961 is one tenth of one percent of the value appraised plus actual and necessary expenses, with a floor of 75 dollars and a ceiling of 10,000 dollars per estate under 8963. Orange County states the referee should return the appraisal within 60 days. The referee values the real property; the representative values the cash and certain other assets.
What is the 90 percent rule?
Probate Code 10309(a) allows the court to confirm a private sale only where the property was appraised within one year prior to the confirmation hearing, the valuation date is within that year, and the sum offered for the property is at least 90 percent of the appraised value. It is a floor, not a target. If the referee's number is too high for the market, no confirmable offer exists and the estate has to go back for a new appraisal or a new marketing period.
How does the courtroom overbid actually work?
Probate Code 10311(a) requires a higher offer to be at least 10 percent more on the first ten thousand dollars of the original bid and 5 percent more on the amount of the original bid in excess of ten thousand dollars. On an accepted bid of 1,000,000 dollars that is 1,000,000 plus 1,000 plus 49,500, so the minimum first overbid is 1,050,500 dollars. The court accepts the highest qualifying offer, may decline to confirm and order a new sale, and may reject a higher bid on less favourable credit terms. Commissions are excluded from the computation.
Is the appraisal the same number the overbid is calculated from?
No, and this is the single most commonly conflated pair on the whole subject. The 90 percent floor in Probate Code 10309(a) is measured against the probate referee's appraised value. The overbid increment in Probate Code 10311(a) is measured against the accepted bid, whatever that turned out to be. Two different baselines. A representative who treats them as one will brief the family wrong about what a bidder has to beat.
Does the pier and dock permit have to be appraised?
It is part of what the estate holds, so it belongs in the description the referee is given. A pier and dock permit is a separately permitted right that the city transfers through its own process, with an inspection, a possible deficiency letter, a reinspection and a transfer application signed by seller, buyer and any joint permittee with signatures due at close of escrow. An appraisal that never mentions it produces a 90 percent floor set against a house alone.
We have full authority. Does the harbour transfer still slow us down?
Yes. Probate Code 10503 removes the court from the sale, not the city. The pier inspection, any deficiency correction and the reinspection run on the harbour department's timetable, the transfer application needs signatures from the seller, the buyer and any joint permittee at close of escrow, and turnaround on the application runs five to fifteen working days with a transfer fee. Open that file when the property is listed. Full authority makes the escrow shorter, which makes starting late more expensive, not less.
There is a ground lease at Beacon Bay. What is the estate actually selling?
Beacon Bay is historically a ground lease community, which means the question of what the estate actually owns has to be answered before anyone describes it to the referee or to a buyer. The answer changes the appraisal, the marketing and the title work. Pull the recorded documents and the association's own records early, because a buyer's counsel will raise it and an estate that cannot answer loses weeks it does not have inside a probate calendar.
Can the estate keep the short term lodging permit through a long probate?
The permit itself belongs to the property and the city's rules govern it. Municipal Code Chapter 5.95 caps permits at 1,550 citywide, and no new permit has been issued for R-1 single family property since 1 June 2004, so a legacy permit cannot simply be replaced. A valid permit transfers to a buyer only where a transfer application is filed within 60 days of title transfer to a bona fide purchaser for value. That window runs from the change of title, so the buyer has to be told about it before closing, not after.
Should the estate order a Residential Building Records report before the hearing?
It is worth considering. The report became voluntary on 28 November 2023, and it pairs the permit history with a zoning check and, if the owner authorises it, a Code Enforcement inspection covering permit compliance and life safety items. Corrections noted must be made within 30 days of inspection, though a buyer may assume responsibility with disclosure. It is valid for one year if ownership does not change and no unpermitted work is done. For an estate whose family cannot remember what was permitted, it is the instrument that settles the argument.
Do we have to publish a notice of sale for a Balboa Island property?
It depends on the route. Probate Code 10300(a) requires publication under Government Code 6063a, which means at least ten days, three publications, with at least five days intervening between the first and last publication dates, and publication completed before the day specified for the sale. The exceptions are real: 10303 where the will directs or authorises the sale, 10302 where the court shortens the period to not less than five days, 10301 for property under five thousand dollars, and 10503 for a full authority sale, which is exempt entirely.
Where is an Orange County probate heard, and how long should we allow?
Probate is heard at the Costa Mesa Justice Complex, 3390 Harbor Blvd., Costa Mesa, CA 92626. The probate assistance line is 657-622-8452 and case information is available through the probate case access portal at probatepublic.occourts.org. Examiners review petitions three to four weeks before the hearing. On duration, no official source publishes a typical figure. The statute contemplates one year as the normal outside target under Probate Code 12200, or eighteen months where a federal estate tax return is required, and a California probate rarely closes in under four to six months.
What do the representative and the attorney get paid?
Probate Code 10800 and 10810 set identical tiers and both are payable: 4 percent of the first 100,000 dollars, 3 percent of the next 100,000 dollars, 2 percent of the next 800,000 dollars, 1 percent of the next 9,000,000 dollars, 0.5 percent of the next 15,000,000 dollars, and above 25,000,000 dollars a reasonable amount set by the court. The base is the gross inventory value plus gains and receipts, without reference to encumbrances, so a house appraised at 2,000,000 dollars with a 1,500,000 dollar mortgage counts at 2,000,000. On a 2,000,000 dollar gross estate that is 33,000 dollars each, 66,000 dollars combined, plus any extraordinary fees the court allows.
Related Pages
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Before You Sign the Listing, Read the Letters
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If you are the personal representative of an estate holding a Newport Beach property, the first conversation is about the authority you were granted and what the referee still needs to be told. Call or text, or have the estate's attorney call on your behalf.
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Paula Aragone, California DRE 01364746. Aragone & Associates is a team at First Team Real Estate, California DRE 01008773. Information is deemed reliable but not guaranteed. This page is general information about California real estate practice and is not legal, tax or financial advice.
Aragone & Associates Real Estate Group, 4 Corporate Plaza Dr #100, Newport Beach, CA 92660. Paula Aragone, California DRE 01364746. Brokerage: First Team Real Estate, California DRE 01008773. Equal Housing Opportunity. Nothing on this page is legal, tax or financial advice, and no attorney client relationship is created by contacting this office. Consult your attorney, your accountant and your county assessor before acting on any statement here. Information is deemed reliable but not guaranteed and is subject to change without notice.