Section 633.198 sets the ceiling for probate fees in the state of Iowa. The maximum fee is as follows:
For the first one thousand dollars, six percent;
For the overplus between one and five thousand dollars, four percent;
For all sums over five thousand dollars, two percent.
Another way to calculate this is to multiply the gross estate by 2% and add $120.00.
For purposes of this section, the gross assets of the estate shall not include life insurance proceeds, unless payable to the decedent’s estate.