What are you really paying an estate planning attorney for?

When choosing an estate planning attorney, you will want to consider how much you are paying for his or her services. A flat fee will likely be a combination of the hourly rate of the senior attorney and the hourly rate of his or her paralegals. While the hourly rate of the senior attorney will be higher, it is important to note that the hourly rate of the junior attorney will be lower. The attorney will then assign tasks to their staff that they can complete under the supervision of the senior attorney. The advantage of this arrangement is that clients can get more value from the senior attorney's experience.

Another benefit of an estate planning attorney is the preparation of your documents. These documents are often prepared by assistants who use a template. Nevertheless, you need to make sure that you hire an attorney with expertise in the area you are planning to leave to your beneficiaries. An estate plan is essential to lay out your wishes and a last will and testament will detail them. If you have minor children, this document will also state their wishes.

Your Folsom estate planning attorney should be able to handle a wide variety of issues and provide you with the level of personal service you desire. This process is both emotionally and legally complex, so it is important to select an attorney who can handle all aspects of estate planning. The attorney should be comfortable talking to you about your personal matters. A high-touch attorney will treat your affairs with sensitivity and confidentiality. They should also be able to answer any questions you may have.

The fee for an estate planning attorney will vary, ranging from a few hundred dollars to several thousand dollars. For moderate estates, it is reasonable to spend $300 to $1,200. You may want to look for a flat fee that covers the entire work. You should always make sure to ask about the included tasks, as some of the tasks may be handled by a paralegal. If this is the case, it is possible to find an estate planning attorney who charges less than a similar-sized business.

Cost: The cost of estate planning will depend on the complexity of the situation. Simple estate planning can cost as little as $150 and as complicated as a will can cost as much as five or six thousand dollars. Whether you are planning a large estate or just want to make sure your family will be taken care of after you die, an estate plan is crucial. However, the average hourly rate for an estate planning attorney is around $500 per hour.

The cost of hiring an estate planning attorney can be steep. The costs are often based on the experience of the attorney, the type of services they provide, and even the location of their office. You should also remember that an estate planning attorney's fee can range from a few hundred dollars for a simple will to several thousand dollars for a complex document. You should also keep in mind that some estate planning attorneys also specialize in elder law.