Most estate planning lawyers do not charge fees for the initial meeting, but this is by no means a universal rule. Don't be surprised if the lawyer charges a small fee for sitting with you for the first time. Interestingly, our study showed some regional differences in lawyers' policies on free consultations. While more than two-thirds of estate planning lawyers in California and New York offered free consultations, comparable numbers in Georgia and Washington State were only 50% and 39%, respectively.
The upfront cost of obtaining a living will or trust through an attorney can save you and your beneficiaries money over the long term. All those hours may seem like a lot to you, but the lawyer should have a pretty good idea of how long it will take to meet with you, answer your questions, design and write your estate plan, review your plan with you, help you sign your plan, and then help you fund your trust if you have chosen to include one. Using the services offered by Trust %26 Will provides a viable, cost-effective, easy to use and effective way to create a trust or will that you know you can count on. The cost of an estate lawyer in Colorado depends on the probate lawyer you hire to help manage the estate or to represent you in probate court.
Some lawyers also find that clients are more relaxed and comfortable dealing with the lawyer when they know that the meter isn't always working. Lawyers usually charge much more for a living trust than for a will, even though a simple living trust is a fairly standard document, such as a will. While having even a simple Last Will and Testament can often reduce many of those costs or eliminate them altogether, it is important to consider every possible expense in the planning process and discuss your options with an attorney who can help you better understand your options between having a last will and will against a trust. A lawyer who has done a lot of probate knows how long the work takes, and collecting a lump sum means that the lawyer does not have to keep a careful record of how lawyers and paralegals spend their time.
Occasionally, lawyers may request an advance deposit of fees (often called an “advance”) to handle ongoing estate management work, such as managing trust assets for a child with special needs. But after a living trust is drawn up and signed, you must change title to the assets you want to leave through the trust.