Your Wills and Estate Planning questions, answered
Answers to commonly asked questions from the experts on Thervo.
How much do estate planners charge?
Estate planners charge $300 to $1,500 for a simple estate plan or $5,000 to $20,000 for a more complex estate plan. Estate planning attorneys charge either a flat fee for an estate planning package or an hourly rate of $100 to $300+ per hour. Estate planners in small towns and newly licensed lawyers needing experience may cost less.
What is estate planning, and what do estate planners do?
Estate planning is the process of creating a plan that appoints who or where you want your assets and possessions to go to after your death. Estate planners—also called estate planning attorneys or estate probate attorneys—are licensed attorneys who specialize in estate and trust law that work with you to create an end-of-life plan based on your specific situation and needs.
Estate planning may involve:
Creating a will
Setting up a limited or durable power of attorney (POA)
Creating a long-term healthcare plan
Setting up a trust to protect your assets and designate beneficiaries
Additional tax planning
Do I need an estate planner?
While you can create estate planning documents yourself, hiring an estate planner is often the best option to ensure the documents are filled out correctly and prevent any issues with transferring your assets to your designated beneficiaries after your pass on. Estate planners know the details of the laws and, in addition to ensuring that your estate plan documentation is valid, they can answer questions and give you professional financial and tax advice throughout the estate planning process.
What do I need to bring to an estate planning appointment?
The documents you should bring to your estate planning appointment will vary depending on your specific situation. In general, you'll want to bring all the documents needed to give the most complete picture of your current total assets. This may include some or all the following items:
Bank statements
Brokerage account and investment statements
Retirement account statements
Business owner or partnership documentation
Credit card statements
Mortgage or other loan documentation
Insurance policies
Real estate, auto, and watercraft titles or deeds
Trademark, patent, copyright, or intellectual property documentation
Birth certificates
Adoption certificates
Marriage certificates
Divorce decrees
Beneficiary or guardianship designations
Pre-nuptial or post-nuptial agreements
How do I choose the best estate planner near me?
Estate planning often involves sharing a lot of personal information, so it's important to hire an experienced professional that you trust and are comfortable talking with. When researching estate planners near you, be sure to:
Interview and compare fees from 3 to 5 estate planning attorneys who are licensed, bonded, and insured.
Review their profile and look for excellent reviews on Thervo and Google.
Look for an attorney in your state who specializes in estate and trust law.
Look for members of the National Association of Estate Planners & Councils or the American Academy of Estate Planning Attorneys.
Ask them about their experience with trusts and estates like yours.
Ask for a detailed explanation of their fees and fee structure.
Hire an estate planner who can work within your budget.
What questions should I ask when hiring an estate planner?
Asking the right questions can help you choose the best estate planner near you:
How long have you been an estate planner?
What education and certifications do you have?
Do you offer free consultations?
How long do you expect this process to take?
What is your preferred method of communication?
Do I contact you directly or do you have an assistant?
Do you charge an hourly rate or a flat fee?
How much do you charge for estate planning?
What is included in the fee, and what additional costs might come up during the process?
Reviews for Southfield estate planners
Recent success stories from people in the Southfield area.
Bill B.
Having had lost all faith in the judicial system and your typical lawyers, I handle most of my court cases related to myself and or business in Pro Per. When a legal matter presented itself that was far outside of my legal expertise I was fortunate to be introduced to Victoria Targosz. Words cannot express how impressed I am by Victoria‘s knowledge of law and its application. Throughout my time with Victoria she did a stellar job of communicating what to expect and how she was going to address it. At all times I knew she was fighting and devoted to my cause . ( Unlike some other attorneys ). It takes a lot to impress me and Victoria has continued to throughout our relationship
Targosz Walker Legal Group PLLC
Tim M.
Attorney Freeman rocks! She made my divorce fast and painless so I could move on with my life. Best decision I made was to hire Attorney Freeman.
Law Offices of Eva E. Freeman
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