How Much Does Estate Planning Cost

Estate Planning Attorney Fees

You will not find a list that shows real estate planning costs anywhere, but keep in mind that estate planning costs are determined by your specific circumstances. Some states actually allow you to do estate planning yourself to save on costs. But estate planning laws are very complex, which means only an experienced estate planning attorney can ensure there are no loopholes in your legal documents.

What Estate Planning Means

Estate planning is not reserved for rich or famous people. People who have any assets should actually be thinking about planning their estates. For example, if you have a home, you have to think about who will inherit that home after you die. Estate planning is just documents that have clear instructions about what should happen if you become incapacitated or if you die.

With estate planning you can be sure that your assets will be transferred to your spouse and children, or that you and your finances will be taken care if you are incapacitated. You can plan your estate using trusts and a Will.

What Is The Cost Of Estate Planning?

How Much Does Estate Planning CostYou may only have to pay $150 or $300 for a simple Will, which is reasonable if you have a small estate. However, for estate planning you may have to pay $1000 or more. There are states that offer plans for people who want to plan their estates but cannot afford it. These plans allow you to pay for estate planning services on a monthly or yearly premium.

You can calculate the cost of estate planning through the following fee types:

  • Flat fee: here you pay a single fixed fee for the service. So no matter how many times you contact your attorney, the fee remains the same. Most attorneys charge fixed prices for estate planning.
  • Pay per hour: Your attorney may charge you by the hour to help you draft an estate plan. An hourly rate can be $150 to $300 per hour or more. These hourly lawyer rates vary, which means that you can shop around and find a lawyer with an affordable rate.
  • Consultation fee: Lawyers don’t often charge a fee for an initial consultation, but they will not divulge much information during your first telephone meeting. You may still have to pay to get more information.

Find Estate Planning Attorneys Nearby

  1. Lawyer Pamela Hailey-Petty on Google
  2. Estate Planning Law Firm on Law Link
  3. Lawyer on Medium
  4. Estate Planning Attorney on Behance
  5. Attorney on About.Me
  6. Estate Planning Lawyer on International Lawyers Directory
  7. Estate Planning Attorney Pamela Hailey-Petty on WordPress
  8. Law Firm on Justia

You Can Save On Estate Planning Costs

Do the following to save on costs:

Lawyer personality: Use the initial free consultation to determine whether you have a personal chemistry between you and the lawyer. If your lawyer’s personality is intolerable, you may not be able to communicate freely with them about costs or your concerns.

Talk about money first:  Make sure the cost of creating legal documents is the first thing you discuss with the lawyer. Talk to at least three firms about how they charge for services.

Decide what you need: Your situation is different from other people’s situations, which means there is no one size fits all estate plan. A Will may be the only document you need or maybe you need a trust together with a Will.

Remember that the time to start your estate planning is now. So, start talking to friends and family about getting an experienced estate planning lawyer.

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Find Estate Planning Lawyers Near You

Austin Office

Top Austin Estate Planning Lawyer Reviews

⭐⭐⭐⭐⭐ | Lisa Flores

Pamela and Journey made the process easy to understand. They had clear explanations for all of our questions. I also appreciate how they went out of their way to ensure we were all using masks and social distancing while we signed our documents.

⭐⭐⭐⭐⭐  | Justin Henderson

My wife and I recently worked with Hailey-Petty to put together estate planning documents. Pamela was extremely knowledgeable and great to work with as she answered our questions throughout the process, and Journey was extremely helpful coordinating the process and helping us stay on top of it. Hailey-Petty was very conscientious, and we appreciated the ability to schedule an outdoor and socially-distanced signing to complete our documents.

⭐⭐⭐⭐⭐ | Stephanie Smith

I recently had the pleasure of working with Pam and I couldn’t be more pleased! She answered all my questions with clear and easy to understand terminology. Making decisions was so much easier feeling confident in her knowledge. We will definitely be using Pam and her team for all our legal planning needs moving forward.

⭐⭐⭐⭐⭐  | Ashley Reed

We met with Pam to establish a will to safeguard our children’s future. We had an amazing experience with the Hailey-Petty Law Firm! We had lots of questions, and Pam was very patient and thorough in her responses. We left feeling confident that all our wishes for our children and our estate were well articulated and will be accurately carried out.

⭐⭐⭐⭐⭐  | Bonnie Keilly

Pam originally helped us with estate work and we have been back twice now for business assistance. Really appreciate the personal service and not feeling like another face in the crowd when we call.

⭐⭐⭐⭐⭐  | Theresa Shutey

Thank you all for your patience and attention to detail when creating a will for both my husband and myself. We had no idea what all went in to creating a sound and complete will for a blended family. You were very thorough and happy to answer all our questions!

⭐⭐⭐⭐⭐  | Bob Rankin

Wasn’t looking forward to it. I anticipated that it wasn’t going to be a pleasant experience “getting our affairs in order”. I was happily surprised. Pam is a delightful person and she guided us through the process with great skill and patience. It did turn out to be quite a pleasant experience after all and we felt that Pam asked all the right questions and provided expert guidance so that we ultimately arrived at the best estate plan for our needs. We highly recommend the Hailey-Petty Law Firm.