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Tips for Saving on Estate Planning Costs

Knowing what you need is simply the first step in estate planning. Most people will use a power of attorney, a will and a healthcare directive but more advanced planning could use trusts. When learning more about putting together a trust with your estate planning attorney, ask about the cost for this upfront. shutterstock_87188584

If the attorney offers a flat fee, be sure to ask whether this includes limits on time or document preparation. Selecting the right attorney the first time is crucial to your success when putting together a trust. Make sure that this individual has experience and the rapport to discuss sensitive decisions with your family members.

Finally, it’s important that you be prepared. Make sure you have all documents necessary during the initial meeting and be prepared to be decisive. Being unclear about your goals or not sure what step to take next could result in additional charges. Having an upfront knowledge about what an attorney charges to put together your trust gives you peace of mind about what to expect and the benefits you will receive from this service.



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