A will is one of the most commonly known estate planning tools for passing your assets onto your heirs after you die. But, will, trust, and estate law is complex and it is not an easy task to draft a will that is legally binding. Because leaving your assets behind to your family is so important, people often seek the assistance of a will attorney to make sure that the will is accurate and legally enforceable. |
What can a will lawyer help me draft in a will?
A will attorney can help you:
Name who should receive your assets after you die and what percentage each person should receive Indicate how your heirs should receive their inheritance and on what conditions. Name a guardian for any children that you have that are minors. Name a conservator to manage any assets that you leave behind to your minor children. Make sure a personal representative that you trust is appointed to carry out the wishes you specify in the will.
How Much Does A Will Lawyer Cost To Draft A Will?
Billing methods may vary. Some will attorneys charge by the hour and some charge flat fee, but most experiencedwill lawyersshould be able to charge a flat fee once they have an understanding of the size and complexity of your estate. Will lawyer fees also change depending on the size of the firm and location.
If you know you need an estate plan and you’re trying to determine if a will is best for you, contact the office of a will attorney to see if they provide initial consultations. An initial consultation allows you to ask any questions about drafting a last will and testament. It also allows the attorney to get a better understanding of your situation so they can give you an accurate quote.
At the end of the initial consultation, you should have a pretty good idea of how long it will take to draft the will and how much it will cost.
What Are The Different Types Of Fee Arrangements For Will Lawyers.
Consultation Fee:Some will lawyers provide free consultations, while others charge an initial consultation fee. These charges may be a fixed or hourly fee for your first meeting.
Flat Fees:Some will lawyer's charge a flat fee for drafting a will. Normally, once an experienced lawyer has an initial consultation with you, they are able to give you a flat fee quote on how much it will cost to draft your will. Hourly Fees:Some lawyers will charge by the hour to create a will. It is up to you to determine which billing method you prefer when selecting a will lawyer.
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