How Much Does A Will, Trust or Power of Attorney Cost?

Cost is an important consideration for anyone planning to put in place an estate plan. It is worth noting that the court processes that result from not having any type of estate plan generally dwarf the cost of proactive planning.  However, cost remains an important component of making the right decisions. Every individual’s situation is different and every family’s situation is different, so it makes sense that good estate planning is carefully crafted to the needs, goals and plans of each person.  Accordingly, there are always some unknowns in cost planning until we are able to sit down and talk about these sorts of particulars (and in turn what type of planning will be most effective).  As an experienced estate planner, my goal is always to create the most efficient yet comprehensive estate plan to meet the needs of my client. Minimizing cost is a central goal and is always front of mind as we talk through the possibilities of various tools and documents to create the best plan.  With that in mind, a fair range of cost for a single person wanting to put in place a Will, a General Durable Power of Attorney, a Health Care Power of Attorney and an Advance Health Care Directive would be about $700-900.  The same documents for a couple (two individuals) or family will often fall in the range of $850-$950 (total).  A plan including those same documents but adding a revocable living trust will usually add about $1,000 (total) to the cost. Of course, fees can vary a bit depending on needs, goals and complexity but we commit to a fixed fee after our first meeting—which remains constant no matter how many changes, meetings, questions of drafts end up occurring along the way.  And my initial meeting/consultation is always completely free of charge!