How Much Should Basic Estate Planning Cost

How Much Should Basic Estate Planning Cost

The cost of basic estate planning can vary depending on various factors, such as the complexity of the estate, the type and number of legal documents required, the experience level of the attorney, and the location of the law firm.

On average, basic estate planning may cost anywhere between $300 to $3,000. This can include the creation of a Last Will and Testament, a Living Trust, a Durable Power of Attorney, and a Healthcare Directive. Some lawyers may charge a flat fee for basic estate planning, while others may charge an hourly rate. 

It is important to note that while basic estate planning may seem like an upfront expense, it can save your loved one's time, money, and stress in the future. A well-planned estate can also ensure that your assets are distributed according to your wishes and that your healthcare decisions are respected.

It is recommended to consult with an experienced estate planning attorney to discuss your individual needs and receive an accurate estimate of the cost of your estate plan.