A simple will can cost as little as $720 for a single individual and $1,100 for a married couple. This would of course, include a simple trust if desired for individuals or couples with assets under $5M, medical directives, powers of attorney and other ancillary and supplemental documentation.
If you are looking for an attorney to prepare your last will and testament, you are already ahead of the curve and well on your way to helping your family prepare for the worst. Two immensely important factors should absolutely never be taken lightly when considering how much your estate planning will cost:
1) Using free, downloadable forms is almost never a good idea. The estate planning documents may be valid, but there are several reasons they could still require probate (such as when the free downloaded will you prepared is unfortunately not a “self-proving” will under Colorado law). The cost of the will up front may go down, but the cost in the long run when considering probate, will contests and attorney’s fees, and estate taxes that could have been avoided may be painful for your heirs or surviving spouse.
2) Find an attorney whose fees are predictable and reasonable. Using an estate planning attorney that does not have published costs, or fails to give you and your partner a solid estimate on costs after reviewing your estate means you could be in for more than you bargained for. How much your estate planning will cost will vary depending on your assets, your financial situation, and how you would like your property devised amongst your heirs and/or surviving spouse, but the attorney you choose to help prepare this plan should not be reducing your estate substantially by their fees. On the other hand, an attorney who charges too little may be using their own version of online forms and fail to take special care when going through your estate. Instead, you may not be getting more than you would if you used the free forms you already found online.
The Law Office of Nathaniel Gilbert, LLC provides estate plans for every situation with published pricing for individuals and couples with different needs and desires. (Click Here for Estate Planning Costs) Attorney Nate Gilbert treats every estate plan as important as the next regardless of size or situation—Flat, predictable fees take away the all too common trap attorneys fall into where the goal is to bill as many hours as possible and only find clients who will provide those billable hours. It should be the goal of your attorney to help you with your situation and not be worried about billing the most fees when they see the size of your assets, or worrying about spending too much time on an estate containing very little in the way of valuable property.