The Cost Might Surprise you
What is the average cost of making a will? That's a great question, and we touched on it a little bit in the last question that people ask on Google.
The cost of creating a last will and testament depends. Are you downloading something off of the internet? And I'm sure you've seen if you're watching this video, you've probably done some of your research.
There are places on the internet where you can download a form last will and testament that cost around like $30.99 or $40.99. I'm not sure of the cost, but it's around there.
Your other option is you go to an estate planning attorney who has years of experience who can create an last will and testament specifically tailored to you and to the assets that you have and the distributions that you want to make. So it's really up to you.
You can go with the downloaded form off the internet if you really don't need anything else or if your estate is a little bit more complex, you have several beneficiaries. You want to make sure that they get distributions to. You want to make sure you name guardians for your children.
Estate Planning Attorney
Then you're probably better off going to an estate planning attorney who is probably going to charge you a few hundred dollars to several thousands of dollars. Now again, depending on the complexity of your estate and your distributions, it may take that estate planning attorney at a minimum several hours to create the last will and testament specifically tailored to your wants and your needs.
It depends on what the hourly rate is for the attorney or whether or not they do these as a flat fee. So you might see a last will and testament at an attorney's office anywhere from maybe 150 $200 to maybe around 700 750 $900.
It really just depends on again what you're looking for, and those are just kind of ranges. Again, it depends on the complexity of your estate and what kind of distributions you want to make.
I have seen last will and testament where they did not want to do a revocable living trust centered estate plan. They specifically wanted a last will and testament that cost several thousands of dollars. We made it exactly how the client wanted, and therefore it cost several thousands of dollars to draft the document that they wanted and they needed.
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