"I know that I need an estate plan."
"I know an estate plan is not only a Will."
"I don't want my loved ones having to deal with probate."
"But what does an estate plan cost??"
Understandably, this is the most common question we receive. Estate planning is the sum of many moving parts, so how do attorneys bill for the service?
Planning Considerations
Every case is unique. Each client has different intentions, different assets, different concerns, and different outcomes. Most of us might assume attorneys meet a client, gather basic data, and fill out generic templates. Planning, though, involves so much individual counseling for each client, including:
Estate Planning Process
Beyond just identifying issues and counseling clients, the planning process involves several steps. Attorneys need to draft, update, and finalize multiple legal documents. Most attorneys hold a meeting to teach clients how to read and understand the documents, then spend a significant time working through their questions and revisions. Once signed, an estate plan is "funded" with assets, which requires retitling. Throughout this process, staff need to manage scheduling, billing, files, plan portfolios, and communications with any third parties. Finally, when the plan is finalized, the law office should check in every year about any changes to the plan.
So what does it cost?
Because there are so many unknowns, attorneys usually structure flat fees for planning. A flat fee allows clients to ask as many questions or take as much time as they need to go through the process, without worrying about extra invoices. Determining that flat fee involves looking at several factors. At Opfer Campbell | Beck, we base our estate planning fees on more than 10 factors, including:
Our office calculates fees from a base rate, and then adjusts those fees up OR down based on the factors of a case. Discounts we provide are for active military members, veterans, emergency responders, and teachers! Because of all this, cases can range from $375 to $5000, and that is why it is so hard to set one rate that applies to everyone.
We provide all intakes with a NO-COST, NO-OBLIGATION consultation for up to 60 minutes. At the consultation, we typically identify two planning options and quotes. And most important, we *never* ask you to begin services at the consultation. If you would like to set a consultation, contact us today!
Parker Station - 19751 East Mainstreet, Suite 215
Parker, CO 80138
Summit County - 620 East Main Street #6
Frisco, CO 80443
The experienced attorneys of Opfer | Campbell | Beck P.C., serve clients throughout both the Denver, Colorado (CO), metropolitan area , as well as clients and cases in Summit County.