The Costs of Estate Planning
The cost of estate planning can range anywhere from $250 to $5,000, depending on the lawyer, and the details and size of your estate. However, it’s important to note that these costs are minor compared with what can happen without proper planning. GLBT people, in particular, tend to run a higher risk of having their plans challenged by your family of origin. Documents prepared by experienced attorney will help ensure that your estate plan meets all state requirements.
You can save money by discussing the issues with people important to you before you meet with your lawyer. Also, be sure to bring all the necessary information with you to your first meeting. For time-based billing, it’s wise to establish a ceiling or maximum payment with your attorney beforehand. Still, many attorneys will charge a flat rate, so it’s worthwhile to shop around. Most attorneys will not charge for an introductory conversation during which you can assess your needs.