According to probate law, what is the fee structure for a personal representative handling an estate valued under $100,000?

In California probate law, when dealing with an estate valued under $100,000, the personal representative is entitled to receive statutory fees, which are calculated based on the value of the estate. The correct answer reflects the established guideline that allows the representative to charge 4% of the value of the estate for their services.

This fee structure is designed to fairly compensate the personal representative for the duties involved in administering the estate, which may include gathering assets, paying debts and taxes, and distributing the remaining assets to heirs. The 4% rate for estates of this size ensures that compensations are reasonable and proportionate to the work involved without being overly burdensome on the estate itself.

Understanding these provisions helps clarify how personal representatives are compensated and provides insight into practical estate management processes under California law.