what percentage of an estate is a lawyer entitled to when managing a will
1 Answer from Attorneys
First of all, wills are not "managed" by lawyers in Puerto Rico, as they are commonly in most US states. The process is called an estate partition, or estate division. The people directly responsible of dividing the estate are the heirs entitled to it, and when they retain an attorney for the estate division, it is common practice for attorneys in PR to charge a percentual fee based on the estate's property.
There are no government or judicial requirements for these fees, and they are not regulated by any entity, nor bar association. They are contractually agreed upon by the retaining parties, and customarily depend directly with the complexity of the legal proceedings necessary to divide the estate. The more complex the estate, the higher the agreed upon fee. There are no limits to it, but common practice usually places the fee between 10% and 30%, although this can vary greatly, as every estate is different.
I hope this answers your question, and feel free to contact me for more information, or if you need follow up information regarding this question.
Lcdo. Christian M. Frank Fas
Attorney at Law | Abogado
Christian M. Frank Fas Law Offices
Telephones | Teléfonos
U.S.A. & PR: 1.877.PR.CIVIL
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