What is a probate referee in California?

A: In a California probate process, the assets of the deceased person need to be inventoried. This can be relatively easy when most assets have a known monetary value, such as cash or securities. Rather than have the estate's executor or administrator make educated or wild guesses about the value of personal (furniture, jewelry, collections, business) or real property (land, commercial or residential real estate), the Probate Code requires the intervention of a referee who will appraise the various non-monetary assets listed on the inventory.

California probate referees also appraise the value of property not included in the probate process, such as assets held by living trusts. Referees are appointed by the California Comptroller, and must satisfy the required education and work experience and pass the required examination. Education and work experience usually includes working as a licensed attorney or a Certified Public Accountant with experience in valuation.

Referees' fees are based on 0.1 percent of the assets that have been appraised, including mortgages and other debts.