How Much does Estate Planning Cost?
How much does estate planning cost? Estate planning is not meant to add more financial burden, but to put your mind at peace about the future of your assets and affairs.
A basic estate plan usually consists of wills, trusts, medical directives, powers of attorney, and medical powers of attorney. This list may seem like a lot of documents, but it is comprised of the ones that are important to have.
Each unique plan will have its own unique pricing based on what all it includes. The price range for a basic estate plan varies widely, anywhere between $800 to $4,000. These are price averages and not the only prices available for these services.
Be sure to be vocal when you are discussing your estate plans with your attorney. It is essential that you state what you want and how much you can honestly afford.
When you first meet with your attorney, ask them what the cost will be for what you are looking to do.
Don’t be afraid to shop around and see who can get you what you want for what you can afford. You will have to spend money to ensure your financial future with an estate plan, but the peace of mind you receive from planning ahead in this manner is priceless.
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Shauna R. Anderson is a State Bar Certified Legal Specialist in Estate Planning, Probate and Trust Law, a designation earned by fewer than 100 of the 15,000 licensed attorneys in the County. Shauna is experienced in living trusts, generational wealth planning, trust administration and asset protection. Shauna has personally helped over 3,00 families establish estate plans.