Current Status Bill Number:371 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950117 Primary Sponsor:Giese All Sponsors:Giese Drafted Document Number:gjk\21233sd.95 Residing Body:Senate Current Committee:Judiciary Committee 11 SJ Subject:Probate court, fees and costs
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950117 Introduced, read first time, 11 SJ
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND SECTION 8-21-770, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DETERMINATION AND COLLECTION OF FEES AND COSTS IN ESTATE AND CONSERVATORSHIP PROCEEDINGS IN THE PROBATE COURT, SO TO REVISE THE MANNER IN WHICH THESE FEES SHALL BE DETERMINED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 8-21-770(B) of the 1976 Code, as last amended by Act 470 of 1994, is further amended to read:
"(B) In estate and conservatorship proceedings, the fee shall be based upon the gross value as shown on the inventory and appraisement less the value of real estate, insurance on the decedent's or incapacitated person's life payable to beneficiaries, and jointly owned property with right of survivorship. These fees are as follows:
(1) Property valuation less than $5,000.00$ 25.00
(2) Property valuation of $5,000.00
but less than $20,000.00 $ 45.00
(3) Property valuation of $20,000.00
but less than $60,000.00 $ 67.50
(4) Property valuation of $60,000.00
but less than $100,000.00 $ 95.00
(5) Property valuation of $100,000.00
but less than $600,000.00 $ 95.00
plus .15 percent of the property valuation between $100,000.00 and $600,000.00
(6) Property valuation of $600,000.00 or higher amount set forth in (5) above plus 1/4 of one percent of the property valuation above $600,000.00."
SECTION 2. This act takes effect upon approval by the Governor.