How Much Does Estate Planning Cost?

Fortunately, the cost of Estate Planning far outweighs the costs that may be incurred by you and your family if there is no plan in place. Some expenses that may arise:

• Estate death tax: whether your estate pays this and how much depends on the size of your estate and your location.
• Probate Court costs: all courts have fees and costs, plus the probate attorney’s fees that will be incurred which typically are charged hourly.
• Creditors and debtors: without specific actions taken, third parties can go after most of your assets, leaving much less for your beneficiaries.
• Long-Term Care costs: due to the incapacitation of you or your spouse, your estate may be exposed for payment without proper protections.

These costs could be reduced or entirely avoided with the help of a detailed estate plan. Contact us to learn more.