If you’re wondering how much estate planning costs, you are not alone. In fact, it is quite common for people to ask, How much does estate planning cost?
While there’s no simple answer to this question, there are certain things you can take into consideration to better determine what your estate plan might cost.
When you have questions about how to go about creating your estate plan, give our team a call. At Robbins Estate Law, our Texas estate planning lawyers are here to help you get the answers you need.
Is There an Average Cost for Estate Planning?
In short, no. There is no “average” cost for estate planning.
This is because the cost of having an estate plan prepared will vary widely depending on a number of factors such as:
- Whether your attorney bills by the hour or offers flat fee services;
- The experience of the attorney you hire;
- The type of estate planning documents you need; and
- The complexity of your estate and plan.
While there is no average cost for estate planning, an experienced estate planning attorney can help you assess your situation and determine how much it might cost to prepare your particular estate plan.
How Much Should Estate Planning Cost?
How much does estate planning cost, and how much should estate planning cost are two very different questions.
Again, however, there is no easy answer. How much your estate plan should cost will vary based on the types and combination of estate planning documents you need. Examples of common estate planning documents you might consider for your estate plan include:
- Last will and testament,
- Trusts,
- Powers of attorney, and
- Health care documents (or advance directives).
Whether you are paying an hourly rate or a flat fee per document, the cost of your estate plan will depend on what documents you want and need.
How Much Should I Pay for Estate Planning?
How much you should pay for an estate plan will depend on the cost you are willing and able to pay. This varies widely from person to person.
The cheapest estate plan may not always be the best option. However, those with simpler estates and bequests may not need to pay for additional items that are typically only necessary in more complex plans.
Of course, you should never feel pressured by an attorney to pay more than you can afford for your estate plan. Ultimately, you can choose to make your plan as simple and inexpensive as possible. Or, you can choose a more complex and expensive option. The decision is yours.
Robbins Estate Law: Your Estate Planning Law Firm
So, exactly how much does estate planning cost? Unfortunately, there is no single, consistent answer. However, a skilled estate planning attorney can help you determine what the cost might be to create an estate plan that meets your goals and needs.
At Robbins Estate Law, we understand that no two people are the same. Similarly, no two estate plans will be the same either. We pride ourselves on helping our clients plan for the future through comprehensive and customized estate plans. We do this all while offering a variety of payment options to fit your budget.
Do you still have questions about the cost of estate planning in Texas? We encourage you to reach out to our team for a complimentary consultation. Let us help you get the financial and emotional security that you need and deserve. Contact us today to discuss your unique situation and see what we can do for you.
Kyle Robbins
Kyle Robbins is the founder and sole owner of The Law
Offices of Kyle Robbins. He received his J.D. with honors from the University of Texas School of Law and his B.S. in Food Chemistry and Microbiology from Oklahoma State University.
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