| If you went to see
students in Grade 6 do Math, you would never see any of them only Add
and never Subtract.
if you asked them to determine what 8%
of a sum was they would first add and subtract what was needed
BEFORE getting 8% of that value.
Well probate attorneys would fail any
grade 6 Math class because they can only add an estates assets they
cannot subtract its liabilities.
So if you had a $500,000 home with a
$400,000 mortgage and you were told that the probate fees would only be
8% it is 8% of $500,000 or $40,000 which is 40% of the real net worth of
$100,000 ($500,000 - $400,000).
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