Estate Planning Fees and Costs
Typical Fees and Costs
Arizona Estate & Trust Law’s estate planning fees are determined by the time spent on a client’s behalf, the skill level required to provide the services, and the responsibilities assumed. For most legal services our fees are either a fixed fee or a minimum-maximum fee. If the nature of the work makes a fixed-fee or an accurate minimum-maximum fee difficult to determine in advance, the work is done on a quoted hourly basis. A written confirmation of the fee arrangement and work to be done is furnished to the client before any work begins on a client’s behalf.
Estate planning fees are dependent on the client’s specific situation. Because Arizona Estate & Trust Law believes clients should know in advance exactly what a comprehensive estate plan will cost them, Arizona Estate & Trust Law is only able to provide fee quotes following an initial office consultation. An extended initial conference is necessary to thoroughly evaluate the client’s situation and to discuss the various planning options available to the client. It is also vital that the client knows exactly what services are included in the quoted fee.
An initial estate planning consultation with Arizona Estate & Trust Law typically lasts two hours and costs $300. At the end of the meeting, clients are presented with a personalized estate plan and quoted a fee to implement the proposed plan. If the clients choose to go forward with the proposed plan, the $300 initial consultation fee is deducted from the quoted fee.
Estate Planning Services:
• Initial multiple-hour conference with clients to determine an appropriate estate plan
• Advising clients regarding beneficiary designations for bank accounts, brokerage accounts, retirement accounts, and life insurance policies
• All additional conferences needed to advise clients on their estate planning options
• Preparation of Property Agreement to establish ownership of assets between clients
• Preparation of Revocable Living Trust with Pour-Over Wills
• Preparation of Certification of Trust to ensure proper registration of trust assets
• Preparation of Deeds to transfer individually-owned real estate to the trust
• Preparation of financial Powers of Attorney
• Preparation of Living Wills and Health Care Powers of Attorney
• Preparation of Registration Agreements for filing copies of clients’ health care documents with the Arizona Secretary of State’s Office for 24/7 accessibility
• Preparation of beneficiary designation forms for retirement accounts and life insurance policies.
• Supervision of signing of estate plan documents by clients
• Letter to clients regarding proper registration of trust assets and income tax reporting
• Letter to clients explaining and summarizing estate plan
• Preparation of Estate Plan Notebook with tabbed indices for clients’ estate plan documents
• No-charge telephone consultations to answer client questions concerning estate plan matters following completion of the client’s estate plan.
Typical Fees and Costs:
Attorney fees for married clients with all co-owned assets: $2,500 – $3,500
Attorney fees for married clients with separately-owned and co-owned assets: $3,000 – $4,000
Recording fees for deeds to transfer real estate to trust: $15 to $25 (per deed)