This video addresses how estate planning lawyers compute the costs of their services. It also looks at the 2021 rates. When you need help creating a will or trust, your first step should be to find an estate planning lawyer. You want to ensure the distribution of your assets according to your wishes.
An estate planning lawyer helps you prepare for death, including the distribution of your assets and wealth, the appointment of an executor and guardian for your minor children, and the creation of a will. The process requires extensive research and knowledge of tax laws and legal procedures.
The cost of an estate planning lawyer will depend on your circumstances and the complexity of your case. The cost determinants include several factors, such as work ranging from one-day visits to multiple meetings over several weeks or months. An estate planning lawyer covers financial and healthcare, power of attorney, simple will, a living will, and more. As per 2021 rates, you can expect to pay $2000 to $1000 for a basic estate plan that includes a will and healthcare power of attorney. Couples start at $2500, and the cost could be higher in case of additional documents.