When pricing out what it would cost to have an estate plan written, there are many factors to consider. We have all heard of the term, “You get what you pay for” and this is definitely an area you do not want to short yourself in. You could start out by doing a little research on your own and understand what the bare essentials of an estate plan are. Not all wills are the same and the amount of detail needed will greatly depend on each family’s unique dynamics.
When deciding how much to spend on an estate plan in the Raleigh area, you should consider:
- An initial phone meeting. One thing to consider would be to have an initial meeting by phone. This would not only save you time, but money as well. It would give the attorney a feel for what your needs are and how long it may take. On the other hand, it would give you the opportunity to “interview” a couple of attorneys to narrow down your choice as to who you want to meet with in person. You want to be sure to hire an attorney who is knowledgeable and experienced in handling similar legal matters.
- Flat fee or hourly? Be sure to ask how each attorney charges. Is there a flat fee for estate planning or do they charge on an hourly basis? A flat fee will typically include the initial meeting, and the preparation, review and signing of basic documents. If an attorney charges by the hour, what is the hourly rate? Experienced attorneys will be able to give you an estimate as to how long it will take for the whole process.
Any firm that can give a quote up front without getting detailed information would bring a red flag. When choosing which attorney to help you with estate planning, do not let price be the deciding factor. Consider the value of knowing that your plan is done right the first time. Thornton Law Firm in Raleigh, NC is here to help you identify your specific needs and goals for you and your family.