What does an estate plan cost?

Feb 16, 2024

Estate Protections Series: Part 2

"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:

  • Identifying family structures, concerns about heirs, and the best people for key roles;
  • Contingencies if heirs die;
  • Contingencies if named "agents" (e.g. Powers of Attorney) die or cannot serve;
  • Plans, wishes, and concerns for specific assets;
  • Tax considerations;
  • Asset planning considerations;
  • Planning for blended families;
  • Planning for heirs' future spouses;
  • Planning for substance abuse issues;
  • Planning for special needs; and
  • SO MUCH MORE.


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:

  • Do you have an existing plan, or do we need to create one from scratch?
  • Are we planning for one person or a couple?
  • Will the plan avoid probate by using beneficiary designations or by using a trust?
  • Do we have to plan for more complicated issues? This includes businesses, rental properties, and special needs heirs.


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!


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Regardless of whether you ever complete estate planning, it is so important to identify your wishes about “last remains,” meaning what to do with our body after we pass away. Historically, our options were limited, but today you will find there are countless choices available. Whether your motivation is religion, the environment, or cost, there is an option for everyone! Below is a general explanation of the biggest categories, but new ones are still emerging. The Traditional Paths: Burial & Cremation What everyone knows already, burial involves the physical “interment” of our body, whether that means being buried in the ground or entombed in a mausoleum. Burial is usually the most expensive option, by far, so you want to ensure there is sufficient money to cover these costs when you pass away. As planners, we strongly recommend clients obtain “pre-need insurance” that covers these costs when you pass away. The main alternative to burial, cremation involves the disposal of a body by turning it into ashes. Cremation tends to cost much less than burial, and the “cremains” can either go to family / heirs or can be interred at a cemetery. Although cremation tends to cost much less than burial, we still recommend clients consider “pre-need” policies to pay these costs when you pass away. Body Donation If you would like your body to continue having uses after you pass away, a great option to consider is body donation. In Colorado, whole-body donations are governed by the Colorado State Anatomical Board, and this allows you to leave your body to various institutions (such as universities) for the purpose of scientific research. Importantly, you cannot simply designate body donation in a Will – you must register and qualify to donate your body after you pass away. Additionally, institutions have different rules, and there are potential costs associated with donation, so before you make any commitments, we recommend you have an attorney review the donation agreement. For more information: https://medschool.cuanschutz.edu/state-anatomical-board/faqs “Green” Burial & Body Composting “Green Burial” is an emerging option and can involve several different choices. At its core, this choice is “green” because the burial omits traditional steps such as embalming, and uses biodegradable caskets instead of wood or metal. Additionally, Colorado has numerous “botanical cemeteries,” which upends the traditional model of a cemetery in favor of a beautiful outdoor space. All of these different options allow you to receive a burial, but in a much more eco-conscious way. In lieu of a formal burial, but without a cremation, one choice available is body composting (a/k/a “Terramation” and “Natural Reduction”). In this process, our body is converted by microbes into soil, which is then returned to the earth. This process takes much longer than any others, typically 4-6 months, but is likely the most ecologically sound. Eco-Friendly Disposition of Cremains If you choose to receive cremation after death, but do not want to remain in an urn forever, there are numerous options for those cremains. New advancements allow us to convert our cremains into many forms, such as turning them into jewels, becoming painted into artwork, or even being tattooed onto a loved one. If we want to spread our ashes into the world, several state and federal regulations (including the EPA) limit our options. However, many eco-friendly choices are developing. For example, many people opt for “bio urns,” which are biodegradable urns planted in the ground, usually with seeds for a plant / tree. Then when the urn degrades, our ashes fertilize the seeds and our legacy lives on with nature. Alkaline Hydrolysis (a/k/a Aquamation) The last option, and one that is not available in many states, Aquamation is the alternative to cremation that does not involve fire. Instead, our body is placed in an alkalized water solution, which breaks us down into our most base components. Aquamation uses substantially less energy than traditional cremation and does not release harmful toxins into the air. Similar to body composting, Aquamation is the most eco-friendly method for disposition. Regardless of your preferences, please know there are many options available, but the most important thing is to tell your loved ones your wishes. One of the tools we provide, which you can find here , is a Memorial Services Memorandum that allows you to write down anything your loved ones need to know. If you work with our office, we will hold these records for you indefinitely and will provide them when needed. If you would like to speak with our offices about Estate Planning, please call us or submit an intake form through our website and our staff will be happy to assist you.
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