Go Back   Savings Talk - Investment and Savings Forum > Financial Planning > Estate Planning

Reply
 
Thread Tools
Old 11-01-2006, 12:55 PM   #1
Super Moderator
 
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 7
titan22 will become famous soon enough
Default Average Costs of Estate Planning Charges

In my practice, I worked closely with several attorneys and accountants. One attorney I worked with did "a la carte" estate planning charges. It was basic, simple planning charges for the budget minded person.

Below is a list of average charges one can expect to pay for this. Remember, this is simple and basic planning. To get more in depth, or if you have a large estate, it will obviously cost more. Use this for a guide, not a standard.

$100-Estate planning conference. Fee is usually added to the cost of other documents ordered during the conference.It is just a simple meeting to set up needs and wants with the attorney.

$150-Simple Will. Emphasis on Simple.

$200-Simple Wills for both husband and wife, if substantially similar documents.

$200-Simple Trust Will-usually drafted to provide for control of children's and grandchildren's assets to avoid expensive guardianships and provide control beyond a child's or grandchild's 18th birthday.

$250-Simple Trust Wills for both husband and wife, if substantially similar documents.

$25-Health Care Directive (living will)

$75-Community Property Agreement (this document is recommended only for some couples)

$75-Durable Power of Attorney.

$200-Special Needs Trust within a will.

The fee for complex estate planning involving credit shelter trusts, marital trusts, living trusts and life insurance trusts varies depending upon your individiual needs.

Remember, there will be other costs associated based on complexity of issues. This is a basic guide and is based on west coast averages. These are also basic documents and charges can be incurred to be more specific to an individual client.

titan22 is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -5. The time now is 03:24 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO
© 2011, SavingsTalk.com