How Much Does an Estate Planning Lawyer Charge?

An estate planning lawyer does not charge a set fee. In some cases, attorneys will only charge a flat fee for a basic package, including a will, trust, and power of attorney. However, this can vary. Some attorneys don't offer these services, and others may ask for a partial retainer before starting work. Before signing any contracts, it is best to inquire about the fees.

The fee for an estate planning lawyer is based on the number of documents he or she needs to create an estate plan. In more complicated cases, the fee will be higher due to the amount of time spent with the client. An estate planning attorney may recommend a basic living trust if you require a simpler plan. 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. These flat fees are advantageous because they give clients certainty. 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.

Estate planning attorneys may charge for the time spent drafting your plan in some cases. 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 might quote one price for a simple will or 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.