How Much Does an Estate Planning Lawyer Charge?

There is no set fee for the services of an estate planning lawyer. Sometimes, an attorney will only charge a flat rate for a basic package that includes a will, trust, and power of attorney. This can change. These services may not be offered by all attorneys. Others may require a retainer to start work. Before signing any contracts, it is best to inquire about the fees.

The fee for an estate planning lawyer is determined by the number of documents required to create an estate plan. In more complicated cases, the fee will be higher due to the amount of time spent with the client. If you need a more basic plan, an estate planning attorney might recommend a more basic living trust. A lawyer may charge less if you need a more comprehensive plan.

In addition to hourly rates, an estate planning lawyer may offer a flat fee. Flat fees offer clients certainty and are advantageous. Flat fee agreements can include a fixed number of meetings, or the number required to amend important documents. Some attorneys will charge a flat fee based on how many of those documents you require. You may be charged a flat fee depending on what you need.

In some cases, estate planning attorneys charge based on the time they spend drafting your plan. The average cost of an estate planning attorney's services is $200 to $5,000. However, this can vary depending on your specific situation. A retainer may be required by some attorneys before they begin work. A retainer may cover all costs associated with creating an estate plan. Some retainers are half the cost or more. Some firms offer free consultations.

Flat fees are the standard fee for estate administration and planning. An attorney may quote a single price for a simple will and a typical probate proceeding. You will need to select a flat-fee option if you are looking for an estate planning company. Most lawyers have a flat-fee plan, which means the fee will be the same whether you have a few or many questions.

An estate planning lawyer may charge an hourly rate or a flat fee. Flat fees are usually less expensive than hourly rates, but the more experience a lawyer has, the higher the fee. If you have a small estate, a flat fee may be an option. However, an hourly rate is a good choice for simple wills. However, it will be well worth the extra cost.