How much does an estate plan cost?
There is no way to answer that question because there are just too many variables. Many attorneys and other professionals charge for their services on an hourly basis. Some will charge a fixed price based upon the size and composition of your assets and the type of documents involved. A simple Will (one that does not contain tax provisions) may only cost a couple hundred dollars. A complex plan with revocable and irrevocable trusts may cost several thousands of dollars.
The cost of an estate plan depends on how much legal work is required. It is difficult to quote an exact fee. Some clients have very well organized records and simple estates. These plans can be generated in two sessions of about an hour each, the first to explain the estate planning process and gather the necessary information, and the second to review and execute the estate plan documents, plus the time it takes to draft basic documents. The fee can be as low as $525.00. Other clients with large, potentially taxable estates, may require 15-20 hours of consultation, the preparation of complex documents and consultation with other professionals. The vast majority of our clients’ estates can be adequately addressed in five to ten hours of legal work. However, no matter how much work is needed, we always keep our fees as reasonable as possible. We also can set up a payment plan if you’d like. We will be able to tell you how much your estate plan will cost once we have met and determined
