The compensation for probate referees is structured around a percentage (.01%) of the appraised estate value, including allowances for incidental expenses such as travel. With a minimum fee of $75, their compensation is designed to be fair, reflecting the estate's value up to a cap of $10 million and is borne by the estate itself.

While their expertise is invaluable for establishing an estate's market value, specific circumstances, such as small estates qualifying for non-court affidavits or estates comprised solely of cash assets, may not necessitate a probate referee's involvement.

Locating a Probate Referee: For those in need, the California Probate Referees Association provides resources and contact information for qualified professionals in Orange County, CA. Here is the link to see the DOWNLOAD Contact info of the Probate Referees in Orange County, CA. https://www.sco.ca.gov/eo_probate_contact.html#orange

Disputes Over Valuations: Their appraisals can sometimes be contested by the executor, administrator, or beneficiaries, leading to potential revisions or court involvement. Complex Assets: Appraising complex or unusual assets can be challenging and may require specialized knowledge.

Role of a Probate Referee in the Probate Process Accountable directly to the probate court, a probate referee's responsibilities include: Valuation of Estate Assets: Their primary duty is to evaluate the estate's assets for probate, which includes real estate, personal belongings, investments, and business interests, ensuring an accurate valuation based on fair market values at the decedent's time of death. Impartial Assessment: Probate referees are committed to neutrality and use their expertise to determine the assets' fair market values. Detailed Reporting: They prepare and submit a detailed report to the probate court and the estate's executor or administrator, listing each asset and its appraised value. Guidance on Asset Management: Probate referees may advise on managing specific asset types throughout the probate process. Responding to Inquiries: They address questions from the executor, administrator, or beneficiaries about valuations or the valuation process. Revision of Appraisals: If new information that affects an asset's value or an initial appraisal is found to be incorrect, they are tasked with revising their valuations. Court Appearances: Probate referees may need to testify regarding their valuations, especially in disputes. Adherence to Legal Standards: They ensure compliance with state laws and regulations related to estate appraisal and the probate process, maintaining the integrity and accuracy of their work.